Professional Documents
Culture Documents
s#no
clear
r=revenue 1
L=liability
E=expense
A=assets
C=capital 2
increase decrease
assets debit credit 3
liability credit debit
revenue credit debit
expense debit credit
capital credit debit 4
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cash reci
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General entries of accounting
decription Dr Cr
cash 2,00,000
capital 2,00,000
investing capital for business
rent 220
cash 220
cash paid for rent
panting 120
expencse 120
expense increase
machine 330
on liability 330
increase liablity
wages 500
expense 500
employees wages
sales 200
revenue 200
sales good on cash
cash 2,50,000
capital/owner equity 2,50,000
capital invest again in business
sales 200
recivable 200
cash will be recivable
cash 100
recivable 100
liability 100
half cash recived
inventory 5000
account payble 5000
purcahse goods for sales
cash 2500
account recivable 2500
cash recived from A/C recivable
transfort 500
expense 500
expense for labor transport
salary 45000
expenxe 45000
salary to employees
supplies 1500
expense 1500
supplies for expense
insurance 500
expense 500
cash for office insurance
loan 1200
liability 1200
comanyn loan for business
liablity 1200
loan paid 1200
loan paid to bank
cleaning 100
payble 100
cash on laiblity accout
cleaning 100
cash 100
cash paid for cleaning office
liablity 100
paid 100
marchandise 1500
cash 1500
purchase good on cash
divident 1000
payable 1000
divident 1000
cash 1000
interest 1000
cash 1000
liability 100
cash 100
cash revied
cash 4000
note payble 4000
cash payble In fixed date
computer 1500
cash 1500
for office use.