Difference between revisions of "Compound journal entry"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Compound journal entry]]. A [[journal entry]] that affects more than two | + | :[[Compound journal entry]]. A [[journal entry]] that affects more than two [[financial account|account]]s. |
==Related concepts== | ==Related concepts== | ||
Revision as of 11:26, 17 December 2018
Compound journal entry (hereinafter, the Entry) is a journal entry that 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
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
