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

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6 days 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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7 days ago

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

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12 days 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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14 days ago

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

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17 days ago

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

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