Sunday, 8 May 2016

(Lecture no 1) Accounting entries Journal,Ledger and Trial Balance for i.com and b.com

Accounting entries Journal,Ledger and Trial Balance for i.com and b.com

Easiest way to learn accounting entries for i.com part 1 and b.com part 1 students


Bases of all accounting entries following rules keep in mind



must debited                                        must credited

Cash inflow                                         cash outflow
Purchases                                            Sales
Sales return                                         purchases return
assets increase                                    assets decrease
Liabilities decrease                            Liabilities increase
Discount Allowed                              Discount Received
Drawings                                            Capital
Discount Allowed                              Discont Received





4 comments:

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