Prabhu TL

Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
8340 Articles

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…

Prabhu TL

Illustration

Journalize the following transactions and post them in to ledger account: S.No.TransactionsAmount1Commenced…

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Important Points Regarding Ledger

●      Each side of a journal entry is posted in the same side…

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Ruling of Account in Ledger Account

Let us see various formats of ledger accounts: Format-1 In the books…

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Financial Accounting – Ledger

Now let us try to understand how a journal works. With the…

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Analysis and Treatment of Transactions

Let us go through the nature of transactions and their treatment in…

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Financial Accounting – Journal

“The process of recording a transaction in a journal is called journalizing…

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Golden Rules of Accounting

The Problem with Debit Credit Rules The system of debit and credit…

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Accounting – Systems

There are two systems of accounting followed - ●      Single Entry System ●      Double…

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Accounting – Classification of Accounts

It is necessary to know the classification of accounts and their treatment…

Prabhu TL