What is compound journal Extra? give and example.
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A compound journal entry is an accounting entry which effects more than two account heads. A simple journal entry has on debit and credit whereas a compound journal entries includes one or more debits and / or credits than a simple journal entry.
Hope this will help you mate
Hope this will help you mate
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Compound journal entries in accounting entries which affect more than two compounds heads.A simple journal entry as 1 difits and one create whatever the compound journal entries and include one or more device and / aur creates then simple journal entry.
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