Q.Post the following compound journal entry into the two ledger accounts it affects, and balance the Bank Account assuming its opening balance (1st Aug) was ₹60,000 Dr.: 'Aug 8 — Rent A/c Dr. ₹9,000, Insurance A/c Dr. ₹3,000, To Bank A/c ₹12,000 (Being rent and insurance paid together by cheque).'

A compound entry with two debit accounts still posts exactly as two separate simple postings — each debit account gets its own posting, and the single credit account gets both amounts posted separately against it. …

A compound entry is posted to the ledger by posting each debit and each credit separately, exactly as if they were individual entries, except the source (J.F.) reference is the same for all of them:

Rent Account

Insurance Account

Bank Account

Post each debit leg of the compound entry to its own account separately, and post the single credit account (Bank) once for each debit leg it is paired with, u …

Posting only one combined 'By Rent & Insurance A/c ₹12,000' line into the Bank Account instead of two separate lines — the Bank Account's particulars column must show each counterpart account separa …