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

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Vallie

2 months ago

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

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Casie

1 months ago

C) accrual accounting

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Helaine

1 months ago

B) double-entry accounting

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Billy

1 months ago

A) compound-entry accounting

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Ona

2 months ago

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

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Hermila

2 months ago

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

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Jerilyn

18 hours ago

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

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Nobuko

10 days ago

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

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Kristel

18 days ago

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

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Casey

2 months ago

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

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Virgina

2 months ago

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

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Truman

2 months ago

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

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Gerald

2 months ago

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

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Delpha

2 months ago

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

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