The Journal entry in which two or more account is debited or credited is referred to as Options: A . &nbspJournal entry B . &nbspMulti entry C . &nbspAdditional entry D . &nbspCompound entry

The Journal entry in which two or more account is debited or credited is referre

Question

The Journal entry in which two or more account is debited or credited is referred to as

Options:

A . Journal entry

B . Multi entry

C . Additional entry

D . Compound entry

Answer: Option D

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Question 1. Every business transaction affects at least ____ accounts....

Question 2. Goods returned by customer should be debited to which of the following accounts?....

Question 3. Discount allowed is....

Question 4. Which of the following will be debited if a business purchases goods on credit?....

Question 5. Journals are also referred to as....

Question 6. Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?....

Question 7. The standard format of Journal does not include which of the following?....

Question 8. In which of the following order, data is entered into the Journal?....

Question 9. Which of the following accounts will be credited if a company purchases building for cash?....

Question 10. Discount for quick repayment of debt is normally referred to as....

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