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What is a compound entry?

46. What is a compound entry?

1. An entry involving more than two accounts.
2. Accounting entry in which just one account is debited and one is credited.
3. An accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits.
4. Entry that is used to record a business transaction in the accounting records of a business.

Answer: C) An accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits.

Explanation:

A compound journal entry is an accounting entry in which there is more than one debit, more than one credit, or more than one of both debits and credits.