Accounting · Journal Entries
In accounting practice, a compound journal entry is NOT recorded in which of the following scenarios?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When only one account is debited and only one other account is credited✓
- 2When two or more accounts are debited and two or more accounts are credited
- 3When two or more accounts are debited and one account is credited
- 4When one account is debited and two or more accounts are credited
Correct answer
When only one account is debited and only one other account is credited
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