A simple journal entry has one debit and one credit head or element. For example: invested tk. 10,000 in his business.
A compound journal entry is an accounting entry which effects more than two account heads. A compound journal entry may combine two or more debits and a credit, or a debit and two or more credits, or two or more of both debits and credits. For example: Invested cash Tk. 10,000 and Equipment Tk.20,000 in his business.
A complex journal entry is a journal entry involving more than 3(three) account heads or elements in which there are multiple debits and multiple credits. For example: Purchased office furniture Tk.30,000, machinery Tk.20,000 and supplies Tk.15,000 by paying cash Tk.10,000 and balance issuing a note.
Office Furniture 30,000
Note payable 55,000