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Journal Entries Examples - Part 2


Your past questions in my database, your written emails and your written comments has motivated me to write journal entries examples - part 2. So, I spent almost this Aug. month for studying, searching and writing the journal entries examples which I could not write in the first part of journal entries examples. Following journal entries are used in different areas of businesses. But rules for passing the journal entries will always be same.


1. When you see that there is increase in the asset of your asset, you should debit the account. When you see any decrease liability and equity, you should also debit the account. When you see the decrease in the asset, you should credit that asset. When you see the increase in liability and equity, you should credit the account.

2. Equity means capital. All the expenses are the decrease the equity, so we debit all the expenses. All incomes, gain and revenues increase our equity, so, we credit all the incomes, gains and revenues.

 Importance of Learning Second Part 

Knowledge of all these journal entries is must for any professional accountant because when any professional accountant will do the accounting work, these journal entries will be helpful for him to record any type of transaction. Following are the links of all these journal entries examples. Study them and use them. You will perfect in passing of correct journal entries.
  1.  Journal Entries of Service Tax 
  2.  Journal Entries of TDS
  3.  Journal Entries of Prepaid Expenses
  4.  Journal Entries of Account Receivables
  5.  Journal Entries of Bill of Exchange
  6.  Journal Entries for Bad Debts
  7.  Journal Entries of Excise
  8.  Journal Entries of Credit Note
  9.  Journal Entries of Accrued Expenses
  10.  Journal Entries of Amalgamation
  11.  Journal Entries of Dividends
  12.  Journal Entries of Forfeiture of Shares
  13.  Journal Entries of Hire Purchase
  14.  Journal Entries of Internal Reconstruction
  15.  Journal Entries of Joint Venture
  16.  Journal Entries of Lease
  17.  Journal Entries of Oustanding Expenses
  18.  Journal Entries of Payroll
  19.  Journal Entries of Redemption of Preference Shares
  20.  Journal Entries of Redemption of Debentures
  21.  Journal Entries of Revaluation of Assets
  22. Journal Entries For Unbilled Revenue
  23.  Journal Entries for Unrealized Earning
  24.  Journal Entries for Zero Coupon Bonds

COMMENTS

: 2
  1. Sir,I am actually from Tech(M.sc +M.tech)background and doing CA from kolkata.....your document kelp me a lot.

    ReplyDelete
  2. how we record the entry if bill received in the name of owner and paid by company account for asset purchased for company use.

    ReplyDelete
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Accounting Education: Journal Entries Examples - Part 2
Journal Entries Examples - Part 2
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Accounting Education
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