A journal entry can consist of no more than one account to be debited and one account to be credited.
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Q9: The balance ledger form always shows the
Q10: Transactions in a journal are initially recorded
Q11: When an entry is made in the
Q12: An amount debited to Cash in a
Q13: Posting references are part of the audit
Q15: Posting references provide a useful cross-reference when
Q16: The revenue accounts come before the expense
Q17: Which of the following statements is NOT
Q18: When transactions are entered in a general
Q19: A ledger is sometimes referred to as
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