What is the difference between a simple and a compound journal entry? What rule must be followed

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What is the difference between a simple and a compound journal entry? What rule must be followed when recording a compound entry so the accounting equation remains balanced?

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 10:54 AM

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What is the difference between a simple and a compound journal entry? What rule must be followed

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A simple journal entry refers to an entry that affects only t...View the full answer

Accounting Principles Part 1

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