ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
Question
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Chapter 2, Problem 13Q
To determine

Compound Entry: When a transaction is recorded in Journal, one account is debited while the other account is credited. The record in this form is known as an entry. The Journal entry is of two types that are Simple Entry and Compound Entry.

To Explain: The meaning of Compound Entry with an example.

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