EXPLORE THE FIELD

Basics

Sometimes goods are to be retuned back to the supplier, for various reasons. The most common reason being…

August 16, 2021 · Boomi Nathan

Basics

The features of a sale book are same as a purchase book, except for the fact that it…

August 16, 2021 · Boomi Nathan

Basics

Purchase book is prepared to record all the credit purchases of an organization. Purchase book is not a…

August 16, 2021 · Boomi Nathan

Basics

In any organization, there may be many petty transactions incurring for which payments have to be done. Therefore,…

August 16, 2021 · Boomi Nathan

Basics

When one more column of Bank is added in both sides of the double column cash book to…

August 16, 2021 · Boomi Nathan

Basics

Here, we have an additional Discount column on each side of the cash book. The debit side column…

August 16, 2021 · Boomi Nathan

Basics

Cash book is just like a ledger account. There is no need to open a separate cash account…

August 16, 2021 · Boomi Nathan

Basics

Cash book is a record of all the transactions related to cash. Examples include: expenses paid in cash,…

August 16, 2021 · Boomi Nathan

Basics

S.No. Particulars L.F. Amount Debit Credit 1 Cash A/cDr.To Capital A/c(Being capital introduced) ** 4,00,000 4,00,000 2 Purchase…

August 16, 2021 · Boomi Nathan

Basics

Journalize the following transactions and post them in to ledger account: S.No. Transactions Amount 1 Commenced business and…

August 16, 2021 · Boomi Nathan