What Is a Compound Entry?

Answer

A compound entry is a journal entry, which involves entry in more than two accounts. It caters for transactions that are multiple debits or credits in one book, but not both. Compound entries are less tiresome and give a better understanding of recorded transactions.
Q&A Related to "What Is a Compound Entry"
A. compound journal entry. is an accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits. It is essentially a combination
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More than one debit or credit in a journal entry. For example: Debit Credit Cash 98 Sales Discount 2 Accounts Receivable 100
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Closing entries are the journal entries used to
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Acetyl-Co-A is the compound that enters the Krebs cycle. It is a 2 carbon compound. ! carbon is released from pyruvate through the production of CO2. Each glucose molecule produces
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