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.
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
In the famous Bagwal fair of Devidhura which among the following does not participate?
Dree Utsav is celebrated in the state of ____________.
The Marylebone Cricket Club (MCC) has declared and awarded two Indian cricketers, name them?
Which of the following states stands at number one in terms of route kilometers at the end of the year 2019-20 as per the Indian Railways Yearbook 2019-20?
What does ‘P’ denote in PRAN a unique number provided under PFRDA?
Which of the following statements is true about Pradhan Mantri Vaya Vandana Yojana (PMVVY)?
1. It is a pension plan for senior citizens
<...SIMBEX is a military exercise conducted between the defense forces of which of the following nations?
Which reform was initiated by Lord Ripon for the welfare of labourers?
Successive discount of a% and b% are equivalent to a discount of
Relevant for Exams:
