Question

meaning of combined entry​

Answer 1

Explanation:

A journal entry which combines more than one debit or more than one credit or both is called combined/compound entry.

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Answer 2

Answer:

Explanation:

For example, if the amount is spent on the same day for salaries, wages, stationery items, rent, etc. a combined entry may be passed debiting all the relevant nominal accounts with respective amounts and crediting cash account with the total amount spent. Amount (Cr.) Cr. Mukherjee becomes insolvent. A dividend of 50 paise in a rupee is received