Example of compound journal entry
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Hey there!
When two or more transactions are passed at once then instead of making seperate journal we make a simple journal and that's called Compound journal entry.
eg:- Rent paid rs. 5000
wages paid:- 7000
soln. Rent a/c. dr 5000
Wages a/c dr. 7000
To cash a/c. 12000
(being rent & wages paid)
When two or more transactions are passed at once then instead of making seperate journal we make a simple journal and that's called Compound journal entry.
eg:- Rent paid rs. 5000
wages paid:- 7000
soln. Rent a/c. dr 5000
Wages a/c dr. 7000
To cash a/c. 12000
(being rent & wages paid)
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Answered by
1
heyaa,,
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Example of compound journal entry:
salary a/c Dr
wages a/c Dr
to Bank a/c...
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