Basic Accounting Terms.1
Basic Accounting Terms.1
Basic Accounting Terms.1
Credit
Anand Commenced Cash A/c Real Coming In Debit Cash A/c …………...Dr.
the business with Capital A/c Personal Giver Credit To Capital A/c
cash
Goods Purchased Purchases A/c Real Coming In Debit Purchases A/c…….Dr
Cash A/c Real Going Out Credit To Cash A/c
Goods Purchased Purchases A/c Real Coming In Debit Purchases A/c…….Dr
from Kishore for Cash Cash A/c Real Going Out Credit To Cash A/c
Goods Purchased Purchases A/c Real Coming In Debit Purchases A/c…….Dr
from Kishore Kishore A/c Personal Giver Credit To Kishore A/c
Goods Return to Purchases Return A/c Real Going Out Credit Kishore A/c…….….Dr
Kishore Kishore A/c Personal Receiver Debit To Purch Return A/c
Cash paid to Kishore Kishore A/c Personal Receiver Debit Kishore A/c………..Dr
Cash A/c Real Going Out Credit To Cash A/c
Machinery Purchased Machinery A/c Real Coming In Debit Machinery A/c…..Dr
Cash A/c Real Going Out Credit To Cash A/c
Any Asset (Building, Asset (Name) A/c Real Coming In Debit Asset (Name)A/c..Dr
Plant&Machinery, Cash A/c Real Going Out Credit To Cash A/c
Furniture,Computer
etc.,) Purchased
Any Asset (Building, Asset (Name) A/c Real Coming In Debit Asset (Name)A/c..Dr
Plant&Machinery, Mohan A/c Personal Giver Credit To Mohan A/c
Furniture,Computer
etc.,) Purchased
from Mohan
Cash Rs.10,000/-,
Journal Entries
1. Cash A/c……………Dr. 10,000/- 2. Furniture A/c…………Dr. 6,000/- 3. Machinery A/c ……Dr 15,000
To Capital A/c 10,000/- To Capital A/c 6,000/- To Capital A/c 15,000
COMPOUND ENTRY
Cash A/c ……………... Dr 10,000/-
Furniture A/c …….… Dr 6,000/-
Machinery A/c …….. Dr 15,000/-
To Capital A/c……………..31,000/-