Business Management

Sometimes goods are to be retuned back to the supplier, for various reasons. The most…

The features of a sale book are same as a purchase book, except for the…

Purchase book is prepared to record all the credit purchases of an organization. Purchase book…

In any organization, there may be many petty transactions incurring for which payments have to…

Let us go through the main objectives of Accounting: ●      To keep systematic records - Accounting is done…

When one more column of Bank is added in both sides of the double column…

Here, we have an additional Discount column on each side of the cash book. The…

Cash book is just like a ledger account. There is no need to open a…

Cash book is a record of all the transactions related to cash. Examples include: expenses…

S.No.Particulars         L.F.AmountDebitCredit1Cash A/cDr.To Capital A/c(Being capital introduced)**4,00,0004,00,0002Purchase A/cDr.To Cash A/c(Being cash purchase made)**5,00,0005,00,0003Purchase A/cDr.To Abdhul A/c(Being…