How to post a transaction that touches three accounts
Part paid now, part owed. Two bills in one payment. Build entries with three lines and check the debits still equal the credits.
Task 1More than two accounts2 questions
Some transactions touch three accounts or more. This is called a compound entry.
The rule does not change: the debits add up to the same total as the credits.
Kestrel Coffee buys a second van from Ridge Motors for £9,000. It pays £3,000 from the bank now and owes Ridge Motors the rest. Ignore VAT.
Task 2A sale paid in part2 questions
You write a journal entry and pick the right answer.
Task 3Two bills in one payment2 questions
You write a journal entry and find the mistake in a table.