Give their respective roles of journalizing the
transactions. It it possible to pass a single journal
entry for two or more transactions ?
Answers
Answered by
0
Yes it is possible for some entries to pass a single entry for two transactions. They are known as Compound Journal Entry. But this is not applicable for all transactions. Yes it is possible to pass a single entry for some of the two transactions but not all.
Similar questions
Computer Science,
5 months ago
English,
5 months ago
English,
10 months ago
Math,
10 months ago
Chemistry,
1 year ago