Compound journal entry

From CNM Wiki
Jump to: navigation, search

Compound journal entry (or, simply, compound entry; hereinafter, the Entry) is a journal entry that involves more than one debit and/or credit and, consequently, affects more than two accounts.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Compound journal entry. A journal entry that affects more than two accounts.

Related concepts

Related lectures