GENERAL JOURNAL ENTRIES:
GENERAL JOURNAL ENTRIES:
general journal entries k liye pehle to debit credit rules yaad karna zarori hai:
assets and expense = increase = debit
assets and expense = decrease = credit
liabilities, owners' equity, revenue and income = increase = credit
liabilities, owners' equity, revenue and income = decreasse = debit
entries bananay k liye 4 steps yaad rakehn:
STEP # 1: ANALYZE THE ACCOUNTS:
sab se pehle to yeh dekhen k kisi bhi transaction mein kitne accounts apko nazar aarahe hein.
for example:
1) purchased furniture for cash Rs.100,000
is transaction mein 2 accounts use ho rahe hein. pehla account furniture aur dosra account cash.
2) purchased office supplies on account Rs.1,000
is transaction mein 2 accounts use ho rahe hein. pehla account office supplies aur dosra account udhar yani accounts payable.
STEP # 3: MOVEMENT OF ACCOUNTS:
next step mein yeh dekhen k jin accounts ko ap ne identify kiya hai wo accounts business mein increase ho rahe hein ya decrease.
transaction (1) mein furniture aur cash yeh accounts use huey thay. business mein furniture increase ho raha hai jab k cash decrease ho raha hai.
dosri transaction mein office suuplies business mein increase ho rahi hai aur sath k business ka qarza yani accounts payable (liability) bhi increase ho rahi hai.
STEP # 4: RULES OF DEBIT CREDIT:
last step mein rules of debit and credit ko follow karen.
pehli transaction mein furniture (asset) increase ho raha hai aur asset increase hota hai to debit, aur cash (asset) decrease ho raha hai aur asset jab decrease hota hai to credit record karte hein.
dosri transaction mein office supplies (asset) increase ho rahi hein aur asset increase hota hai to debit, aur accounts payable (liabilities) bhi increase ho rahi hein aur jab liabilities increase hoti hai to credit record karte hein.
SUMMARY:
transaction # 1:
furniture = asset = increase = debit
cash = asset = decrease = credit
transaction # 2:
office supplies = asset = increase = debit
accounts payable = liability = increase = cred
general journal entries k liye pehle to debit credit rules yaad karna zarori hai:
assets and expense = increase = debit
assets and expense = decrease = credit
liabilities, owners' equity, revenue and income = increase = credit
liabilities, owners' equity, revenue and income = decreasse = debit
entries bananay k liye 4 steps yaad rakehn:
STEP # 1: ANALYZE THE ACCOUNTS:
sab se pehle to yeh dekhen k kisi bhi transaction mein kitne accounts apko nazar aarahe hein.
for example:
1) purchased furniture for cash Rs.100,000
is transaction mein 2 accounts use ho rahe hein. pehla account furniture aur dosra account cash.
2) purchased office supplies on account Rs.1,000
is transaction mein 2 accounts use ho rahe hein. pehla account office supplies aur dosra account udhar yani accounts payable.
STEP # 3: MOVEMENT OF ACCOUNTS:
next step mein yeh dekhen k jin accounts ko ap ne identify kiya hai wo accounts business mein increase ho rahe hein ya decrease.
transaction (1) mein furniture aur cash yeh accounts use huey thay. business mein furniture increase ho raha hai jab k cash decrease ho raha hai.
dosri transaction mein office suuplies business mein increase ho rahi hai aur sath k business ka qarza yani accounts payable (liability) bhi increase ho rahi hai.
STEP # 4: RULES OF DEBIT CREDIT:
last step mein rules of debit and credit ko follow karen.
pehli transaction mein furniture (asset) increase ho raha hai aur asset increase hota hai to debit, aur cash (asset) decrease ho raha hai aur asset jab decrease hota hai to credit record karte hein.
dosri transaction mein office supplies (asset) increase ho rahi hein aur asset increase hota hai to debit, aur accounts payable (liabilities) bhi increase ho rahi hein aur jab liabilities increase hoti hai to credit record karte hein.
SUMMARY:
transaction # 1:
furniture = asset = increase = debit
cash = asset = decrease = credit
transaction # 2:
office supplies = asset = increase = debit
accounts payable = liability = increase = cred
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