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

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

Quizplus · Accepted Answer

A compound entry involves more than two accounts, making it the correct term for a journal entry that requires three or more accounts.

When Three or More Accounts Are Required in One Journal