Question

What is Compound journal entry? ​

Answer 1

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. ... If you have more than one debit and only one credit, the sum of your debits must equal the credit.

Explanation:

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Answer 2

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.

Rather than making separate journal entries for the same transaction, you can combine the debits and credits under one entry.

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