Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is compound entry? give an example. explain i

what is compound entry? Give an example. Explain in 100-150 words

60.1K

Verified Solution

Question

Accounting

what is compound entry? Give an example. Explain in 100-150words

Answer & Explanation Solved by verified expert
4.1 Ratings (522 Votes)
Answer Compound Entry Which means A compound Journal Entry is a bookkeeping Entry whichimpacts in excess of two Account heads A Simple journalentry has one Debit and one credit while a compound    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

what is compound entry? Give an example. Explain in 100-150words

Other questions asked by students

Finance
1.2K views

A vehicle has a first cost of $25,000. Its market value declines by 15% annually. It...

Electrical Engineering
1.2K views

Consider the network shown in Fig. 12.20. Let us determine the resonant frequency, the voltage...

Economics
1.2K views

explain the process a monopolist goes through to maximize profits.

Advance Math
1.2K views

Write a procedure that implements the Fermat factorization method done in Mathematica.

Basic Math
1.2K views

Use the graph of the function to answer parts (a) through (1).P(x) = -3(x+2) +1(a)...

Calculus
1.2K views

Let f x xe x a Find the values of x for which the slope...

Calculus
1.2K views

Suppose x 3 sec a Rewrite in terms of sines and cosines x 9

Algebra
1.2K views

1 Given that sin 0 where 13 31 where B determine the following by clearly...

Accounting
1.2K views

Use these statments and make me a statement of cashflow please.

Accounting
1.2K views

Chapter 15 Exercises A Submitted 0.87/1 Total points awarded Help Exit You received partial credit...

Accounting
1.2K views

Salma Ali opened Fresh Step Carpet Cleaners on March 1. During March, the following transactions...

Accounting
1.2K views

The master budget with operating and financial budgets forms the framework for the budgeting process....