Question
An entry with more than one debit or credit is known
asSolution
A compound entry is an accounting entry with more than one debit or credit. It is used to record transactions that involve multiple accounts. Compound entries are more efficient than multiple single entries because they can be recorded in one step. They also provide a more complete record of the transaction by showing all of the accounts affected by the transaction.
The Navy will now assess the damage and collect forensic evidence to probe into the cause of the fire.
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