Question
Fill in the Blank Question A journal entry that contains more than one debit or credit is called a square entry. Need help? Review these concept resources.
Answer
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Isla
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Answer
Compound entry
Explanation
In accounting, a journal entry that contains more than one debit or credit is referred to as a "compound entry." This type of entry is used when a transaction involves multiple accounts, allowing for all debits and credits related to the transaction to be recorded together in a single entry.