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Showing posts with the label GENERAL JOURNAL ENTRIES:

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.