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Simple journal entries examples

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An entry in a journal which contains only one debit item and one credit item is called a simple journal entry. The following example will illustrate this point.

Example:

  1. March 31 : Paid Rent Rs 1000
  2. March 31 : Paid wages Rs 2500
  3. March 31 : Paid Salaries Rs 5000

Lets record this transactions in simple journal entry formats.

 Journal
No Date Particulars Ledger Folio( LF ) Debit Amount Credit Amount
1 31/3/2016 Rent  A/c ………Dr  15 1000.00
To ; Cash  25 1000
(Rent Paid)
2 31/3/2016 Wages A/c …..Dr  16 2500
To; cash  25 2500
(Wages paid)
3 31/3/2016 Salary  A/c ….Dr  16 5000
To; Cash  25 5000
(Salary paid )

The transactions are happened on 31 march, however we have created separate entry for each transaction.This type of journal entry is called simple journal entry

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