Difference between revisions of "Compound journal entry"
(→Related coursework) |
|||
| (4 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
| − | [[Compound journal entry]] (hereinafter, the ''Entry'') is a [[journal entry]] that affects more than two accounts. | + | [[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== | ==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== | ||
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
| − | ==Related | + | ==Related lectures== |
*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Latest revision as of 19:26, 4 January 2019
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
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
