Question

What is compound general entry? Give an example.

Answer 1

HEY BRO!!!



a compound general entry is an Accounting in which there is more than one debit, more than one credit, or more than one of both credits and debits. for example: let's assume Paul pay $20 for his child guitar lesson its week $20 is split between a $ 15 lesson charge and a $5 lesson room rental free. When the store receives the payment from Paul ,it would debit cash for $20 credit lesson income for $15 and lesson room rental for $5.






HOPE IT HELPS!!!!!

Answer 2

this is your answer up here☝