Multiple choice

Whenever two or more accounts are debited or credited in a journal entry, it will be referred to as which of the following?

  1. Compound entry

  2. Multi entry

  3. Additional entry

  4. Journal entry

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A compound journal entry in accounting is in which there is more than one debit, more than one credit.