Journal Entries
S.No.Particulars L.F.AmountDebitCredit1Cash A/cDr.To Capital A/c(Being capital introduced)**4,00,0004,00,0002Purchase A/cDr.To Cash A/c(Being cash purchase made)**5,00,0005,00,0003Purchase…
Illustration
Journalize the following transactions and post them in to ledger account: S.No.TransactionsAmount1Commenced…
Important Points Regarding Ledger
● Each side of a journal entry is posted in the same side…
Ruling of Account in Ledger Account
Let us see various formats of ledger accounts: Format-1 In the books…
Analysis and Treatment of Transactions
Let us go through the nature of transactions and their treatment in…
Financial Accounting – Journal
“The process of recording a transaction in a journal is called journalizing…
Golden Rules of Accounting
The Problem with Debit Credit Rules The system of debit and credit…
Accounting – Systems
There are two systems of accounting followed - ● Single Entry System ● Double…
Accounting – Classification of Accounts
It is necessary to know the classification of accounts and their treatment…


