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.
- March 31 : Paid Rent Rs 1000
- March 31 : Paid wages Rs 2500
- March 31 : Paid Salaries Rs 5000
Lets record this transactions in simple journal entry formats.
|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|
|2||31/3/2016||Wages A/c …..Dr||16||2500|
|3||31/3/2016||Salary A/c ….Dr||16||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