Which 3 statements are true about journal entries?

(Select all that apply)

• 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.

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.