When three or more accounts are required in one journal entry the entry is referred to as a
A) compound entry.
B) triple entry.
C) multiple entry.
D) simple entry.

Question

Quizplus · Accepted Answer

When three or more accounts are required in one journal entry the entry is referred to as a compound entry. This is because it involves multiple parts and affects multiple accounts. Triple entry and multiple entry are not commonly used terms in accounting. Simple entry involves only two accounts.

When Three or More Accounts Are Required in One Journal