A Compound Journal Entry

question 70

Multiple Choice

A compound journal entry

• A)is a general ledger transfer that affects more than two accounts.
• B)is a general journal transfer that affects more than two accounts.
• C)is a journal entry for more than two transactions that affects one or more accounts.
• D)is a journal entry for a transaction that affects more than two accounts.
• E)is not allowed in accordance with U.S.GAAP,but is allowed in accordance with IFRS.