Скачать или смотреть SIMPLE vs COMPOUND Journal Entries: Explained in (Almost) 2 Minutes!

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In this video, you’ll learn the difference between Simple and Compound Journal Entries.

You’ll see how simple entries record straightforward transactions with just two accounts, while compound entries handle more complex transactions involving multiple accounts.

By the end, you’ll understand how both types follow the rules of Double-Entry Accounting and always balance debits and credits.

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⏱️TIMESTAMPS
00:00 - Intro
00:10 - What is a Simple Journal Entry?
00:30 - Simple Journal Entry Example
01:43 - What is a Compound Journal Entry?
01:54 - Compound Journal Entry Example

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