A composite journal entry is an entry that records more than one business transaction in a single journal entry. The bill received is not recorded in the diary, but rather it is recorded in the diary when the bill is actually paid or when public services are used. There is no diary entry to forecast sales, but actual sales are recorded when they occur. To record the entry in the journal, it is mandatory that the business transaction has already been made; otherwise, no entry can be made in the journal before the commercial transaction takes place.
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