Accountancy, asked by namandubshsjsj, 6 months ago

what is compound entry (long answer)

Answers

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.

Previous Question

Next Question

Similar questions

Math, 3 months ago

vertifiy (-1/2+6/7)+3/2=-1/2+(6/7+3/2).

Physics, 3 months ago

A parachutist who weighs 800N is falling to Earth at constant speed. What is the upwards force of the air on the parachute?

Math, 3 months ago

Find the highest power of 2 in the product 1005 × 1006 × 1007 × …….. × 2009 ?

Math, 6 months ago

et Referring the adjoining figures of a paralelogram write the answers of questions given below (1)1(WZ) =4.5 cm then 1(XY) = ? (2) 1(YZ) =8.2 cm then 1(XW) = ? (3) 1(OX) = 2.5 cm then 1(OZ) = ? (4) 1(WO) = 2.5 cm then 1(WY) = ? (5) IF m<WZY = 120° then m<WXY = ? And m<XWZ=?

Biology, 6 months ago