Compound Journal Entries - Meaning & Treatment - Explained with Animated Examples
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Compound Journal Entries - Meaning & Treatment - Explained with Animated Examples
What is Compound Journal Entry? In the transaction, Where two or more accounts of Debit or Credit are involved, which can be recorded in journal day books by posting a single journal entry, that journal entry is known as the Compound Journal Entry. It is also known as a combined journal entry. For example: AB Co. purchased goods worth Rs ...
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