Business Management

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…

Journalize the following transactions and post them in to ledger account: S.No.TransactionsAmount1Commenced business and introduced…

●      Each side of a journal entry is posted in the same side of the ledger.…