APA CPP-Remote Exam - 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

Get Premium CPP-Remote Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Annice

7 months ago

Accrual accounting is something else entirely!

upvoted 0 times

...

Eileen

8 months ago

Totally agree, double-entry is the standard!

upvoted 0 times

...

Alyce

8 months ago

Wait, is that really the right term?

upvoted 0 times

...

France

8 months ago

I thought it was called compound-entry accounting?

upvoted 0 times

...

Justa

8 months ago

It's definitely double-entry accounting!

upvoted 0 times

...

Cortney

9 months ago

I’m almost certain it’s double-entry accounting. It’s the fundamental concept that every transaction affects two accounts, right?

upvoted 0 times

...

Lucina

9 months ago

I keep mixing up double-entry and compound-entry accounting. I feel like I need to review those terms again.

upvoted 0 times

...

Gaynell

9 months ago

I practiced a similar question last week, and I’m pretty confident it’s double-entry accounting. It’s the one that ensures the accounting equation stays balanced.

upvoted 0 times

...

Carla

9 months ago

I think it's double-entry accounting, but I’m not completely sure. I remember it being about balancing debits and credits.

upvoted 0 times

...

Natalie

9 months ago

I've got this! The fact that transactions affect two separate accounts is the definition of double-entry accounting.

upvoted 0 times

...

Sherman

9 months ago

Wait, is it double-entry or compound-entry? I'm getting a bit confused between the two.

upvoted 0 times

...

Josphine

9 months ago

Okay, I remember learning about double-entry accounting in class. I think that's the right answer here.

upvoted 0 times

...

Blondell

9 months ago

Hmm, I'm a little unsure about this one. I'll have to think it through carefully.

upvoted 0 times

...

Anthony

9 months ago

This one seems straightforward - I'm pretty sure the answer is double-entry accounting.

upvoted 0 times

...

Vallie

1 year ago

Double-entry accounting? More like double the fun, am I right? But seriously, it's the way to go.

upvoted 0 times

Casie

1 year ago

C) accrual accounting

upvoted 0 times

...

Helaine

1 year ago

B) double-entry accounting

upvoted 0 times

...

Billy

1 year ago

A) compound-entry accounting

upvoted 0 times

...

Ona

1 year ago

Double-entry accounting is the way to go! It's like a see-saw for your business finances.

upvoted 0 times

...

Hermila

1 year ago

I was always confused by the terminology, but double-entry accounting does a great job of tracking debits and credits.

upvoted 0 times

Jerilyn

1 year ago

It's definitely a key principle in accounting to prevent errors and fraud.

upvoted 0 times

...

Nobuko

1 year ago

Double-entry accounting is a fundamental concept in accounting that helps maintain accuracy.

upvoted 0 times

...

Kristel

1 year ago

I agree, it helps ensure that the accounting equation stays in balance.

upvoted 0 times

...

Casey

1 year ago

Yes, double-entry accounting is essential for keeping track of both sides of a transaction.

upvoted 0 times

...

Virgina

1 year ago

Double-entry accounting makes the most sense to me. It's the foundation of modern accounting practices.

upvoted 0 times

...

Truman

1 year 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

...

Gerald

1 year ago

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

upvoted 0 times

...

Delpha

1 year ago

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

upvoted 0 times

...