A journal entry, in which two or more accounts are debited/credited, is known as

The correct answer is: D. Compound entry

A compound entry is a journal entry that affects two or more accounts. It is called a compound entry because it is made up of two or more simple entries.

A simple entry is a journal entry that affects only one account. It is called a simple entry because it is made up of only one debit and one credit.

For example, if you buy a car for $10,000, you would make a compound entry that would debit the Cash account and credit the Accounts Payable account for $10,000.

The other options are incorrect because:

• Double entry is a system of accounting in which every transaction affects at least two accounts.
• Multi entry is not a term used in accounting.
• Additional entry is not a term used in accounting.

I hope this helps! Let me know if you have any other questions.