Question

what is compound journal entry? give example.

Answer 1

An example of a compound journal entry is a payroll entry, where there is a debit to salaries expense, another debit to payroll taxes expense, and credits to cash and a variety of deduction accounts

Answer 2

hey frnd....here is your answer......

THE COMPOUND JOURNAL ENTRY IS AN ACCOUNTING ENTRY WHICH EFFECTS MORE THAN TWO ACCOUNT HEADS.
A COMPOUND JOURNAL ENTRY HAS ONE OR MORE DEBIT AND CREDITS...

AN EXAMPLE OF COMPOUND JOURNAL IS-------
PAYROLL ENTRY.....


Hope this may help you.....
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