Journal entries can have more than two accounts as long as the total debits equal the total credits.

Name: Journal entries can have more than two accounts as long as the total debits equal the total credits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Journal entries can involve multiple accounts as long as the total amount debited equals the total amount credited. This is the basic principle of double-entry accounting.

Journal Entries Can Have More Than Two Accounts as Long