Answer: • Total debit must equal Total credits.
• When posting to the accounts receivables, you must specify a customer
• You can post to multiple accounts receivables and/or accounts payable accounts in the same journal entry.
Explanation:
Journal entry is a record containing the transactions made by a company and these transactions are normally grouped in the debit and the credit side.
The statements that are true about a journal entry are that:
• Total debit must equal Total credits.
• When posting to the accounts receivables, you must specify a customer.
• You can post to multiple accounts receivables and/or accounts payable accounts in the same journal entry.
