Question

policies
current attempt in progress
a compound journal entry involves
two accounts.
four or more accounts.
three or more accounts.
three accounts.

etextbook and media
save for later

Explanation:

A compound journal entry is a type of accounting entry. In accounting, a compound journal entry is defined as an entry that involves three or more accounts (where there are multiple debits, multiple credits, or a combination, but the total debits equal total credits). A simple journal entry involves two accounts (one debit and one credit). So the correct option is the one stating three or more accounts.

Answer:

C. three or more accounts.