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Which of the following is true? Compound journal entries are used when there are multiple debits or credits in one transactions There are 8 steps

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Which of the following is true? Compound journal entries are used when there are multiple debits or credits in one transactions There are 8 steps in the accounting cycle Preparation of the trial balance comes after journalizing and posting of adjusting entries Transactions don't need to have a debit or credit account

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