Question

What are compound entries? Give two examples.​

Answer 1

Answer:

What is a Compound Journal Entry?

A compound journal entry is an accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits

An example of a compound journal entry is a payroll entry, where there is a debit to salaries expense, another debit to payroll taxes expense, and credits to cash and a variety of deduction accounts.

Answer 2

Answer:

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Explanation:

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