Q65
The Journal entry in which two or more account is debited or credited is referred to as
A.
Journal entry
B.
Multi entry
C.
Additional entry
D.
Compound entry
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The Journal entry in which two or more account is debited or credited is referred to as Compound entry. 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.