COMPOUND JOURNAL ENTRY Definition

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COMPOUND JOURNAL ENTRY is a journal entry that involves more than one debit or more than one credit or both.

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CREDITORS LEDGER see LEDGER.

SALES PROCEEDS are the sum of the service units (products, services) sold by a corporation within a particular period. The sales proceeds are calculated from the quantities sold (pcs, kg, hrs) multiplied by the sales price per unit within a particular period.

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