Final answer:
A journal entry with multiple debits or credits is known as a Compound entry, which is used when a single transaction affects several accounts.The correct option is B.
Step-by-step explanation:
A journal entry containing more than one debit or more than one credit is called a Compound entry. In accounting, a compound entry refers to a transaction that affects several accounts, requiring multiple debits and/or credits within a single journal entry. This is a common practice when a single business transaction impacts multiple accounts, and it simplifies recording such transactions in the company's ledger.