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

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

Contribute your Thoughts:

Submit Cancel

Vallie

3 months ago

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

upvoted 0 times

Casie

2 months ago

C) accrual accounting

upvoted 0 times

...

Helaine

2 months ago

B) double-entry accounting

upvoted 0 times

...

Billy

2 months ago

A) compound-entry accounting

upvoted 0 times

...

Ona

3 months ago

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

upvoted 0 times

...

Hermila

3 months 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 months ago

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

upvoted 0 times

...

Nobuko

1 months ago

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

upvoted 0 times

...

Kristel

2 months ago

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

upvoted 0 times

...

Casey

3 months ago

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

upvoted 0 times

...

Virgina

3 months ago

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

upvoted 0 times

...

Truman

3 months 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

3 months ago

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

upvoted 0 times

...

Delpha

3 months ago

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

upvoted 0 times

...