Simple, Compound and complex Journal entry

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Offline MD. ABDUR ROUF

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Simple, Compound and complex Journal entry
« on: November 06, 2016, 09:27:27 AM »

Simple Journal:
A simple journal entry has one debit and one credit head or element. For example: invested tk. 10,000 in his business.
                    Cash      10,000   
                           Capital      10,000
Compound journal:
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.
                 Cash           10,000   
                 Equipment   20,000   
                          Capital         30,000

Complex Journal:
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   
                   Machinery          20,000   
                   Supplies          15,000   
                               Cash                       10,000
                               Note payable      55,000
Dr. Md. Abdur Rouf
Associate Professor of Accounting
Faculty of Business and Economics
Daffodil International University

Offline yahya

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Re: Simple, Compound and complex Journal entry
« Reply #1 on: November 30, 2016, 06:08:43 PM »
thank you!

Offline smriti.te

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Re: Simple, Compound and complex Journal entry
« Reply #2 on: December 04, 2016, 01:15:42 AM »
Thanks for giving example to understand the topics...

Offline Bipasha Matin

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Re: Simple, Compound and complex Journal entry
« Reply #3 on: December 08, 2016, 12:57:55 PM »
Thanks
Sabiha Matin Bipasha

Senior Lecturer
Department of Business Administration
Faculty of Business & Economics
Daffodil International University

Offline Shahrear.ns

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Re: Simple, Compound and complex Journal entry
« Reply #4 on: January 28, 2017, 10:56:28 PM »
thanks for sharing
Shahrear Khan Rasel
Sr. Lecturer
Dept. of GED
Daffodil International University