Types of Journal Entries

There are two types of journal entries in accounting.

They are simple journal entry and compound journal entry. 

Here, Amount = Rs = $ = £ = € = ₹ = Af = ৳ = Nu = Rf = රු =

SIMPLE JOURNAL ENTRY

When there is one debit and one credit transaction in one journal entry, it is known simple journal entry.

Example: Motorbike purchased in cash Rs 180,000.

Journal Entry for Asian Style

COMPOUND JOURNAL ENTRY

When there are two or more than two transactions either in debit side or in credit side, it is known compound journal entry.

Compound journal entry is the combination of two or more simple journal entry.

For compound journal entry, date and nature must be same.

Example

4^th March: Business started with cash Rs 450,000 and stock Rs 120,000.

Journal Entry for Asian Style

Example

15^th April: Cash paid to creditors Rs 14,800 and discount received Rs 200.

Journal Entry for Asian Style

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Click on link for YouTube videos CHAPTERS OF CLASS 11

ACCOUNTING EQUATION http://tiny.cc/c89jkz

BASIC JOURNAL ENTRIES IN NEPALI http://tiny.cc/uaakkz

BASIC JOURNAL ENTRIES http://tiny.cc/8aakkz

JOURNAL ENTRY AND LEDGER http://tiny.cc/caakkz

LEDGER http://tiny.cc/haakkz

SUBSIDIARY BOOK http://tiny.cc/399jkz

CASH BOOK http://tiny.cc/889jkz

TRIAL BALANCE & ADJUSTED TRIAL BALANCE http://tiny.cc/c59jkz

BANK RECONCILIATION STATEMENT (BRS) http://tiny.cc/q59jkz

DEPRECIATION http://tiny.cc/ugakkz

FINAL ACCOUNT: CLASS 11 http://tiny.cc/y89jkz

ADJUSTMENT IN FINAL ACCOUNT http://tiny.cc/keakkz

CAPITAL AND REVENUE http://tiny.cc/peakkz

SINGLE ENTRY SYSTEM http://tiny.cc/n19jkz

NON-PROFIT ORGANIZATION (NON-TRADING CONCERN http://tiny.cc/j09jkz

GOVERNMENT ACCOUNTING http://tiny.cc/hcakkz

GOSWARA VOUCHER (JOURNAL VOUCHER) http://tiny.cc/hcakkz

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