APA Exam CPP-Remote Topic 1 Question 62 Discussion

Actual exam question for APA's CPP-Remote exam

Question #: 62
Topic #: 1

[All CPP-Remote Questions]

The fact that transactions affect two separate accounts of a business is called:

Acompound-entry accounting

Bdouble-entry accounting

Caccrual accounting

DT-accounting

Show Suggested Answer

Suggested Answer: A

by Lemuel at Dec 08, 2024, 04:56 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

3 days ago

I'm not sure, but I think double-entry accounting makes sense because it helps maintain the balance in the accounting equation.

upvoted 0 times

...

5 days ago

I agree with Delpha. Double-entry accounting is when transactions affect two separate accounts.

upvoted 0 times

...

8 days ago

I think the answer is B) double-entry accounting.

upvoted 0 times

...