Accountancy, asked by namandubshsjsj, 4 months ago

what is compound entry (long answer)

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Answered by 2602alpha

Answer:

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.

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