Question
An entry with more than one debit or credit is known
asÂSolution
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
More Accounts Questions
32 X 25 ÷ 4 + 12 of 30 = ? X 5 - 30Â
Evaluate: 18 ÷ 3 × 4 + 6 − 5
25% of 250 + 32% of 200 = ? ÷ √ 16
15% of 1800 + 22 = ?Â
118 × 6 + 13 + 83 = ?
- What will come in the place of question mark (?) in the given expression?
35% of 400 - 20% of 300 = (? - 30) X 2 - What will come in place of the question mark (?) in the following questions?
120÷(5×2)+8=? √? = 32% of 900 + 48% of 50
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