What is meant by Compound Entry?
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Answer:
A compound journal entry is an entry involving more than two accounts.
Explanation:
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.
Answered by
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.
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