A simple journal entry requires only one debit to an account and one credit to an account.
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Q13: A credit balance in a liability account
Q14: All business transactions must be entered first
Q15: Debit and credit can be interpreted to
Q16: A compound journal entry requires several debits
Q17: Each transaction must be analyzed in terms
Q19: Under the double-entry system revenues must always
Q20: If a revenue account is credited the
Q21: After a transaction has been posted the
Q22: The trial balance will not balance when
Q23: Which one of the following is not
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