Question: In a compound journal entry: a. total debits must equal total credits. b.if two accounts are debited, two accounts must be credited.

In a compound journal entry:

a. total debits must equal total credits.

b.if two accounts are debited, two accounts must be credited.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!