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Shanu Jalas from our own high school , asked a question
Subject: Accountancy , asked on 1/6/14

pls explain how to do a journal entry with an example!

Nishaj Maharjan From Thesunshine Secondary Boarding School, added an answer, on 14/8/12
2 helpful votes in Accountancy

ALL THE INCOME GAIN ARE DEBITED

ALL THE LOSSES DRAWINGS ARE CREDITED

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Kaavya Balachandar From Kendriya Vidyalaya No.2, added an answer, on 10/8/12
1 helpful votes in Accountancy

example: august 2, 2005   opened bank account with H.D.F.C  50,000

date         patriculars   L.F  debit  credit  

2.8.2005  bank a/c dr.  50,000 

  to cash a/c  50,000

  (being an  bank a/c opened with HDFC)

here,bank is a sort of expense & what goes out is cash rs 50,000 to bank.

remember always same rules does 'nt apply for everytime.

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Prathyusha Praviraj From Visakha Valley School, added an answer, on 26/7/12
2 helpful votes in Accountancy

if the transaction given is purchased goods for Rs2000

the journal entry wud be

purchases a/c.................dr  2000

  to cash  2000

purchases cums in d debit becoz its goods dats is comin in

&cash cums in credit becoz cash is wat goes out

u have to apply d accounting principles & do it

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Lakshmi Chandrasekaran From Lalchand Milapchand Dadha Senior Secondary School, added an answer, on 5/8/12
61 helpful votes in Accountancy

commenced a business with cash of rs.90000

journal entry 

cash dr. 90000

To capital a/c cr.  90000

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Kewal Srivastava , added an answer, on 1/8/12
1 helpful votes in Accountancy

Started Business with cash Rs .5000000000000

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Ravi Meena From N.k. Public School, added an answer, on 27/7/12
1 helpful votes in Accountancy

if the transaction given is started business with cash Rs 50000

the journal entry wed be

cash a/c................dr.50000

to capital a/c..........cr.50000

(being started business with cash)

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Tanya , added an answer, on 10/7/12

well a journal entry is easy.. u have to frst shud b aware of the accountancy 's golden rule about debit n credit n its various rules of recognition of nature of any account type so as to solve ur answer...

u need to den make a table wid 4 columns including ((date/ particulars /debit amount in rs  /credit amnt in rs.))

fill d date

den see d transaction

den tell wats being debited to what

and so on n strt filling it.. but the best way possible is go see you book.. it has evrything..!!! :)

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