Which of the following is a false statement?
A The account Revenue from Fees is increased with a credit
B A compound entry is when two or more accoutns are required in one journal entry.
C Retained Earnings is increased by a credit entry.
D All transactiosn are initially recorded in a jounal.
b, "a compound entry is whentwo or more accounts are required in one journal entry" because a compound entry is when three or more accoutns are required in one journal entry.