Practice mode Accounting

What is a journal entry called when more than one account is debited or credited?

Correct answer B. Compound entry

Explanation

A compound entry combines several debits or credits in a single entry, such as recording a purchase paid partly in cash and partly on credit.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.