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

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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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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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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Started Business with cash Rs .5000000000000

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commenced a business with cash of rs.90000

journal entry 

cash dr. 90000

To capital a/c cr.  90000

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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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ALL THE INCOME GAIN ARE DEBITED

ALL THE LOSSES DRAWINGS ARE CREDITED

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YEAH
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WHAT IS IT
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Hello,
Journal is recording, as you know
For example - Goods sold to Ramesh (Rs 10000)so the entry will be
Ramesh A/c Dr 10000
To sales A/c 10000
(Being good sold to Ramesh)
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First .. make 5 column : 1 column for date then second column for particular ,3 column for L.F then 4 column for debit and 5 column for credit . Date column is used to write date of transaction . Particular column is used to write transaction . L.F column is used for writing page no. Of ledger in which account are made for transaction . Debit column is used to write debit transaction . Credit column is used to write credit transaction .
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journal entry is the process of recording of financial information relating to business concern transactions in a journal such that the debits are equal to credits in journal.
Eg- if goods are purchased for cash
Then the journal would be - purchase a/c dr
To cash a/c
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Journal entry is record of any transection in debit and credit form there are three ac

Personal acc:
Where debit the reciver credit the giver
Eg:
Bank gives money to us its the creditor
We recive we the reciver

Real ac:
What comes debit what goes out credit
Eg
When we buy with money its credit and the goods is the debit

Nomial acc
Where debit is losses and expences credit is gain and income

Eg
Debit we give 20%discount
Credit we recive 20%discount
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What
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f the transaction given is purchased goods for Rs2000

the journal entry wud be

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

  to cash  2000

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