Single Entry

Date Particulars Ref Debit Credit

1-Jan Cash 30,000
Mercado, Capital 30,000

Photocopying Equipment 30,000

Mercado, Capital 30,000

Mercado, Capital 50,000

Loans Payable 50,000

Double Entry/ Compound

1-Jan Cash 30000
Photocopying Equipment 30000
Loans Payable 50000
Mercado, Capital 10000

Example 2 Single Entry

1-Jan Photocopying Equipment 10000
Cash 10000

No Entry

Salaries Expense 1,000

Cash 1,000

Cash 8000
Photocopying Revenue 8000

Accounts Receivable 2000

Photocopying Revenue 2000

Double Entry
1-Jan Photocopying Equipment
Salaries Expense