For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
debit salary expensecredit cash
loss by theft A/c to purchases
Debit cash in handCredit bank
debit unexpired interestcredit interest paid
Debit cash / bankCredit discount allowed
debit salary expensecredit cash
loss by theft A/c to purchases
Debit cash in handCredit bank
Cash a/c Dr. To Sales a/c
debit unexpired interestcredit interest paid
Debit cash / bankCredit discount allowed
debit rent expensecredit cash / bank
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
Debit cash / bankCredit share capital
debit cash / bankcredit loan from bank
[Debit] Electricity expenses xxxx [Credit] Cash xxxx
debit bankcredit cash