While passing journal entries ( especially in case of Bills of exchange ) is it necessary to pass combined journal entries? Can we pass single entries ?

Question

Amrita · Answer

Thank you so much

Yogitha · Answer

Yes we can pass single entries

Amrita · Answer

But there are more chances of mistakes in such cases so can we pass single entries

Nisha · Answer

Otherwise we can pass single entry

Nisha · Answer

No, but in case there are two or more debit and credits or both then combined entry should be passed

Aditi · Answer

And it is more better to pass single entries rather than combine entry

Aditi · Answer

Yes we can pass single entries

While passing journal entries ( especially in case of Bills of exchange ) is it necessary to pass combined journal entries? Can we pass single entries ?

7 answers

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