Question

what do you mean by compound entries
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Answer 1

Explanation:

A compound journal entry is an entry involving more than two accounts. In a compound journal entry, there are two or more debits, credits, or both. ... Likewise, if you have more than one credit and only one debit, the sum of your credits must equal the debit.

Answer 2

A compound journal entry is an entry involving more than two accounts. In a compound journal entry, there are two or more debits, credits, or both. Rather than making separate journal entries for the same transaction, you can combine the debits and credits under one entry.

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