Question

state the meaning of compound journal entry​

Answer 1

Answer:

A compound journal entry is one that affects three or more accounts. In other words, it's an entry that debits or credits at least three accounts in the general ledger. ... If the merchandiseis paid for on account, the inventory account is debited and the account payable account is credited.

Answer 2

Explanation:

: A compound journal entry is one that affects three or more accounts. In other words, it’s an entry that debits or credits at least three accounts in the general ledger.

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