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What are compound Journal Entries?

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When a single transaction affects multiple accounts simultaneously and cannot be recorded using a simple journal entry with just one debit and one credit is known as compound Journal Entries.

Example

Received commission Rs. 5,000 and Interest Rs. 4,000.

Cash A/c…………………….Dr.         9,000 [5000+4000]

     To Commission…………                      5,000

     To Interest…………………                    4,000

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