Journal Entry Solved Example
Example 1
On 1st April, started business with cash ₹1,00,000. Show the journal entry.
Solution (Hinglish)
- Owner
ne business mein cash introduce kiya matlab Capital increase hua, aur
business ko Cash mila.
- Rule:
Cash account (asset) increase⇒debit;
Capital account (owner’s equity) increase⇒credit.
Journal Entry
(Table):
Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
2025-Apr-01 | Cash A/c Dr. | | 1,00,000 | |
| To
Capital A/c | | | 1,00,000 |
(Being amount introduced
as capital) | | | | |
Example 2
Purchased furniture for ₹10,000, paid by cash immediately. Pass the journal
entry.
Solution (Hinglish)
- Furniture
ek asset hai, isko purchase kiya => Furniture A/c debit (asset
increase).
- Cash
pay kiya => Cash A/c credit (asset decrease).
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-02 | Furniture A/c Dr. | 10,000 | |
| To Cash
A/c | | 10,000 |
(Being furniture
purchased for cash) | | | |
Example 3
Bought goods (inventory) from Mr. A on credit for ₹30,000. Show the journal
entry.
Solution (Hinglish)
- Goods
purchased on credit→“Purchases A/c”(expense or
stock) Dr.
- Supplier
(Mr. A) becomes a creditor→credit Mr. A.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-03 | Purchases A/c Dr. | 30,000 | |
| To Mr.
A A/c | | 30,000 |
(Being goods bought
on credit) | | | |
Example 4
Sold goods to Mr. B (on credit) for ₹25,000. Show the journal entry.
Solution (Hinglish)
- Humne
goods sale ki, toh “Sales A/c” credit (income).
- Buyer
(Mr. B) ban jata hai debtor→debit Mr. B.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-04 | Mr. B A/c Dr. | 25,000 | |
| To
Sales A/c | | 25,000 |
(Being goods sold
on credit) | | | |
Example 5
Rent paid by cash ₹5,000. Pass the journal entry.
Solution (Hinglish)
- Rent
ek expense hai→expense increase⇒debit.
- Cash
pay hua→cash decrease⇒credit.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-05 | Rent A/c Dr. | 5,000 | |
| To Cash
A/c | | 5,000 |
(Being rent paid in
cash) | | | |
Example 6
Paid electricity bill ₹2,000 by cheque. Show the journal entry.
Solution (Hinglish)
- Electricity
bill bhi expense hai→“Electricity
Expense A/c”(ya“Electricity
Charges A/c”) debit.
- Payment
by cheque→“Bank A/c”credit.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-06 | Electricity
Expenses A/c Dr. | 2,000 | |
| To Bank
A/c | | 2,000 |
(Being electricity
charges paid via cheque) | | | |
Example 7
Received commission ₹3,000 in cash. Pass the journal entry.
Solution (Hinglish)
- Commission
income→Commission
Received A/c credit.
- Cash
received→Cash A/c
debit.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-07 | Cash A/c Dr. | 3,000 | |
| To
Commission A/c | | 3,000 |
(Being commission
received in cash) | | | |
Example 8
Owner withdrew ₹4,000 from the business for personal use. Show the journal
entry.
Solution (Hinglish)
- Jab
owner paisa nikalta hai personal use ke liye, usko “Drawings” kehte hain.
- Cash
ya Bank se paisa nikal raha hai→credit Cash/Bank.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-08 | Drawings A/c Dr. | 4,000 | |
| To Cash
A/c | | 4,000 |
(Being cash
withdrawn by proprietor) | | | |
Example 9
Received a cheque of ₹15,000 from Mr. B (the debtor) in full settlement of his
₹16,000 due. The balance ₹1,000 is discount allowed by us. Pass the journal
entry.
Solution (Hinglish)
- Mr.
B owed 16k, but he paid 15k by cheque. ₹1k discount humne allow kiya.
- “Bank
A/c” debit (we received cheque)→15,000
- “Discount
Allowed A/c” debit→1,000
- “Mr.
B A/c” credit→16,000 (clear his full debt).
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-09 | Bank A/c Dr. | 15,000 | |
| Discount Allowed
A/c Dr. | 1,000 | |
| To Mr.
B A/c | | 16,000 |
(Being cheque
received in full settlement, discount allowed) | | | |
Example 10
Paid Mr. A ₹14,500 by cash in full settlement of his account of ₹15,000. We
received a discount of ₹500 from Mr. A. Pass the journal entry.
Solution (Hinglish)
- Mr.
A ka payable 15k, par hum 14.5k deke settle kar rahe hain. 500 discount
hume mila.
- “Mr.
A A/c” debit 15,000 (closing his payable).
- “To
Cash A/c” 14,500 (actual payment).
- “To
Discount Received A/c” 500 (income for us).
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-10 | Mr. A A/c Dr. | 15,000 | |
| To Cash
A/c | | 14,500 |
| To
Discount Received A/c | | 500 |
(Being amount paid
in full settlement, discount received) | | | |
Example 11
Purchased office stationery for ₹2,000, paid in cash. Pass the journal entry.
Solution (Hinglish)
- Stationery
ek expense (or consumable) hoti hai→debit Stationery/Office Expenses
A/c.
- Cash
paid→credit Cash
A/c.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-11 | Stationery/Office
Exp. A/c Dr. | 2,000 | |
| To Cash
A/c | | 2,000 |
(Being stationery
purchased in cash) | | | |
Example 12
Bills Receivable accepted by Mr. C for ₹10,000 in settlement of his due. Pass
the journal entry in our books.
Solution (Hinglish)
- Jab
hume koi Bill Receivable milta hai (promissory note from debtor), hum
“Bills Receivable A/c” (asset) ko debit karte hain.
- Debtor’s
account (Mr. C) ko credit karte hain kyunki ab unki debt humare pass bill
se secure ho gayi.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-12 | Bills Receivable
A/c Dr. | 10,000 | |
| To Mr.
C A/c | | 10,000 |
(Being acceptance
of Bill Receivable from Mr. C) | | | |
Example 13
On 1st May, the firm paid wages of ₹5,000 to workers. Out of this, ₹3,000 was paid
in cash and ₹2,000 by cheque. Pass the journal entry (compound entry).
Solution (Hinglish)
- Wages
humara expense (Nominal Account)⇒“Wages A/c”debit.
- Payment
ke do mode hain—cash (3,000) aur bank (2,000).
- Compound
entry me ek hi transaction me do credits honge (Cash + Bank).
Journal Entry
(Table):
Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
2025-May-01 | Wages A/c Dr. | | 5,000 | |
| To Cash
A/c | | | 3,000 |
| To Bank
A/c | | | 2,000 |
(Being wages paid
partly in cash and partly by cheque) | | | | |
Hinglish Explanation:
- Total
wages = 5k. Usme 3k cash diya aur 2k cheque se.
- Expense
(Wages) ko debit karte hain, aur “Cash” + “Bank” dono ko credit in ek
compound entry.
Example 14
Goods sold for ₹25,000 at cash discount of 4% if paid immediately. The customer
pays immediately in cash, availing the discount. Pass the journal entry.
Solution (Hinglish)
- Sale
price = ₹25,000.
- Cash
discount 4% on 25,000 = ₹1,000.
- So
customer will pay 25,000 – 1,000 = ₹24,000 in cash.
- In
our books, total sale is 25k, but effectively we get 24k. The discount 1k
is an expense/loss for us = “Discount Allowed.”
Journal Entry
(Table):
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-02 | Cash A/c Dr. | 24,000 | |
| Discount Allowed
A/c Dr. | 1,000 | |
| To
Sales A/c | | 25,000 |
(Being goods sold
for 25k, less 4% immediate discount) | | | |
Hinglish Explanation:
- Sales
humara income = 25k credit.
- Par
humne 1k discount allow kiya, so “Discount Allowed A/c” ko debit karte
hain.
- Hume
cash sirf 24k mila, isliye “Cash A/c” me 24k debit.
Example 15
Received ₹10,000 from Mr. X in part settlement of his outstanding ₹15,000. The
firm did not allow any discount—₹5,000 is still due. Pass the journal entry.
Solution (Hinglish)
- Mr.
X originally owes 15k. He pays 10k. No discount means 5k abhi bhi pending.
- “Cash/Bank
A/c” Dr. 10k (depending on how he pays—assume cash).
- “Mr.
X A/c” credit 10k (reduces from 15k to 5k).
Journal Entry
(Table):
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-03 | Cash A/c Dr. | 10,000 | |
| To Mr.
X A/c | | 10,000 |
(Being part payment
received from Mr. X, 5k still outstanding) | | | |
Hinglish Explanation:
- Mr.
X ki 15k ki debt me se 10k humne receive kiya.
- Isliye
hum “Cash A/c” ko debit (10k) aur “Mr. X A/c” ko credit (10k).
- Mr.
X ab sirf 5k ka balance due rakhta hai.
Example 16
Interest on Capital ₹2,000 is provided to the owner from business profits. Pass
the journal entry in the firm’s books.
Solution (Hinglish)
- Interest
on Capital is an expense from the firm’s perspective, but an income for
the owner.
- “Interest
on Capital A/c” Dr. (Nominal—expense).
- “Capital
A/c” Credit—capital increase (ya capital return?), typically it’s added to
owner’s capital.
Journal Entry
(Table):
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-04 | Interest on Capital
A/c Dr. | 2,000 | |
| To
Capital A/c | | 2,000 |
(Being interest on
capital credited to owner's account) | | | |
Hinglish Explanation:
- Owner
ke capital par firm ne 2,000 interest diya, jo business ke liye expense
hai.
- Owner
ki capital me 2,000 add ho gaya (Capital A/c credited).
Example 17
Charged Interest on Drawings ₹500 to the proprietor. Pass the journal entry in
the firm’s books.
Solution (Hinglish)
- Interest
on Drawings is an income for the firm (they’re charging the owner).
- Owner’s
capital side is effectively reduced by 500. Some prefer to credit Interest
on Drawings to “Interest on Drawings A/c” (income?), or directly to
“Income from Interest on Drawings.”
- The
debit goes to the Drawings A/c or “Capital A/c” if the practice is to
reduce capital. Typically, we do: “Drawings A/c Dr.” or sometimes “Capital
A/c Dr.” to “Interest on Drawings A/c.”
Journal Entry
(Table)—common approach:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-05 | Drawings A/c Dr. | 500 | |
| To
Interest on Drawings A/c | | 500 |
(Being interest on
drawings charged to proprietor) | | | |
Hinglish Explanation:
- Interest
on Drawings = firm ki income, so usko credit kiya.
- Owner
ke drawings account me debit hua, kyunki unse 500 charge hua, effectively
unki capital reduce ho gayi.
Hinglish Recap
- Compound
Entries tab pass hote hain jab ek transaction me ek se zyada debit/credit
ho (jaise wages partly in cash, partly in bank).
- Cash
Discount par entry me “Discount Allowed” (expense) ko debit karte hain
agar hum discount de rahe hain. “Discount Received” (income) ko credit
karte hain agar supplier hume discount de raha hai.
- Partial
Payment me sirf utna hi amount debit/credit karte hain jitna pay/receive
hua; balance abhi due rahta hai.
- Interest
on Capital is expense from business viewpoint, so “Interest on Capital
A/c” debit, “Capital A/c” credit.
- Interest
on Drawings is income for business, so “Interest on Drawings A/c” credit,
“Drawings A/c” debit.
- Journal
Entry mein hamisha two aspects hote hain: Debit aur Credit.
- 7.Assets/Expenses
badhne pe Debit hote hain; Liabilities/Income/Capital badhne pe Credit.
- Cash
Paid⇒“Cash A/c”ko credit,
Cash Received⇒“Cash A/c”ko debit.
- Discount
Allowed = humara kharcha / loss⇒debit.
Discount Received = humari income⇒credit.
- Drawings
= jab owner business se paise nikalta hai⇒“Drawings A/c
Dr. To Cash/Bank.”
Journal Entry Solved Example
Example 1
On 1st April, started business with cash ₹1,00,000. Show the journal entry.
Solution (Hinglish)
- Owner
ne business mein cash introduce kiya matlab Capital increase hua, aur
business ko Cash mila.
- Rule:
Cash account (asset) increase⇒debit;
Capital account (owner’s equity) increase⇒credit.
Journal Entry
(Table):
Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
2025-Apr-01 | Cash A/c Dr. | | 1,00,000 | |
| To
Capital A/c | | | 1,00,000 |
(Being amount introduced
as capital) | | | | |
Example 2
Purchased furniture for ₹10,000, paid by cash immediately. Pass the journal
entry.
Solution (Hinglish)
- Furniture
ek asset hai, isko purchase kiya => Furniture A/c debit (asset
increase).
- Cash
pay kiya => Cash A/c credit (asset decrease).
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-02 | Furniture A/c Dr. | 10,000 | |
| To Cash
A/c | | 10,000 |
(Being furniture
purchased for cash) | | | |
Example 3
Bought goods (inventory) from Mr. A on credit for ₹30,000. Show the journal
entry.
Solution (Hinglish)
- Goods
purchased on credit→“Purchases A/c”(expense or
stock) Dr.
- Supplier
(Mr. A) becomes a creditor→credit Mr. A.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-03 | Purchases A/c Dr. | 30,000 | |
| To Mr.
A A/c | | 30,000 |
(Being goods bought
on credit) | | | |
Example 4
Sold goods to Mr. B (on credit) for ₹25,000. Show the journal entry.
Solution (Hinglish)
- Humne
goods sale ki, toh “Sales A/c” credit (income).
- Buyer
(Mr. B) ban jata hai debtor→debit Mr. B.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-04 | Mr. B A/c Dr. | 25,000 | |
| To
Sales A/c | | 25,000 |
(Being goods sold
on credit) | | | |
Example 5
Rent paid by cash ₹5,000. Pass the journal entry.
Solution (Hinglish)
- Rent
ek expense hai→expense increase⇒debit.
- Cash
pay hua→cash decrease⇒credit.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-05 | Rent A/c Dr. | 5,000 | |
| To Cash
A/c | | 5,000 |
(Being rent paid in
cash) | | | |
Example 6
Paid electricity bill ₹2,000 by cheque. Show the journal entry.
Solution (Hinglish)
- Electricity
bill bhi expense hai→“Electricity
Expense A/c”(ya“Electricity
Charges A/c”) debit.
- Payment
by cheque→“Bank A/c”credit.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-06 | Electricity
Expenses A/c Dr. | 2,000 | |
| To Bank
A/c | | 2,000 |
(Being electricity
charges paid via cheque) | | | |
Example 7
Received commission ₹3,000 in cash. Pass the journal entry.
Solution (Hinglish)
- Commission
income→Commission
Received A/c credit.
- Cash
received→Cash A/c
debit.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-07 | Cash A/c Dr. | 3,000 | |
| To
Commission A/c | | 3,000 |
(Being commission
received in cash) | | | |
Example 8
Owner withdrew ₹4,000 from the business for personal use. Show the journal
entry.
Solution (Hinglish)
- Jab
owner paisa nikalta hai personal use ke liye, usko “Drawings” kehte hain.
- Cash
ya Bank se paisa nikal raha hai→credit Cash/Bank.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-08 | Drawings A/c Dr. | 4,000 | |
| To Cash
A/c | | 4,000 |
(Being cash
withdrawn by proprietor) | | | |
Example 9
Received a cheque of ₹15,000 from Mr. B (the debtor) in full settlement of his
₹16,000 due. The balance ₹1,000 is discount allowed by us. Pass the journal
entry.
Solution (Hinglish)
- Mr.
B owed 16k, but he paid 15k by cheque. ₹1k discount humne allow kiya.
- “Bank
A/c” debit (we received cheque)→15,000
- “Discount
Allowed A/c” debit→1,000
- “Mr.
B A/c” credit→16,000 (clear his full debt).
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-09 | Bank A/c Dr. | 15,000 | |
| Discount Allowed
A/c Dr. | 1,000 | |
| To Mr.
B A/c | | 16,000 |
(Being cheque
received in full settlement, discount allowed) | | | |
Example 10
Paid Mr. A ₹14,500 by cash in full settlement of his account of ₹15,000. We
received a discount of ₹500 from Mr. A. Pass the journal entry.
Solution (Hinglish)
- Mr.
A ka payable 15k, par hum 14.5k deke settle kar rahe hain. 500 discount
hume mila.
- “Mr.
A A/c” debit 15,000 (closing his payable).
- “To
Cash A/c” 14,500 (actual payment).
- “To
Discount Received A/c” 500 (income for us).
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-10 | Mr. A A/c Dr. | 15,000 | |
| To Cash
A/c | | 14,500 |
| To
Discount Received A/c | | 500 |
(Being amount paid
in full settlement, discount received) | | | |
Example 11
Purchased office stationery for ₹2,000, paid in cash. Pass the journal entry.
Solution (Hinglish)
- Stationery
ek expense (or consumable) hoti hai→debit Stationery/Office Expenses
A/c.
- Cash
paid→credit Cash
A/c.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-11 | Stationery/Office
Exp. A/c Dr. | 2,000 | |
| To Cash
A/c | | 2,000 |
(Being stationery
purchased in cash) | | | |
Example 12
Bills Receivable accepted by Mr. C for ₹10,000 in settlement of his due. Pass
the journal entry in our books.
Solution (Hinglish)
- Jab
hume koi Bill Receivable milta hai (promissory note from debtor), hum
“Bills Receivable A/c” (asset) ko debit karte hain.
- Debtor’s
account (Mr. C) ko credit karte hain kyunki ab unki debt humare pass bill
se secure ho gayi.
Table:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-Apr-12 | Bills Receivable
A/c Dr. | 10,000 | |
| To Mr.
C A/c | | 10,000 |
(Being acceptance
of Bill Receivable from Mr. C) | | | |
Example 13
On 1st May, the firm paid wages of ₹5,000 to workers. Out of this, ₹3,000 was paid
in cash and ₹2,000 by cheque. Pass the journal entry (compound entry).
Solution (Hinglish)
- Wages
humara expense (Nominal Account)⇒“Wages A/c”debit.
- Payment
ke do mode hain—cash (3,000) aur bank (2,000).
- Compound
entry me ek hi transaction me do credits honge (Cash + Bank).
Journal Entry
(Table):
Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
2025-May-01 | Wages A/c Dr. | | 5,000 | |
| To Cash
A/c | | | 3,000 |
| To Bank
A/c | | | 2,000 |
(Being wages paid
partly in cash and partly by cheque) | | | | |
Hinglish Explanation:
- Total
wages = 5k. Usme 3k cash diya aur 2k cheque se.
- Expense
(Wages) ko debit karte hain, aur “Cash” + “Bank” dono ko credit in ek
compound entry.
Example 14
Goods sold for ₹25,000 at cash discount of 4% if paid immediately. The customer
pays immediately in cash, availing the discount. Pass the journal entry.
Solution (Hinglish)
- Sale
price = ₹25,000.
- Cash
discount 4% on 25,000 = ₹1,000.
- So
customer will pay 25,000 – 1,000 = ₹24,000 in cash.
- In
our books, total sale is 25k, but effectively we get 24k. The discount 1k
is an expense/loss for us = “Discount Allowed.”
Journal Entry
(Table):
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-02 | Cash A/c Dr. | 24,000 | |
| Discount Allowed
A/c Dr. | 1,000 | |
| To
Sales A/c | | 25,000 |
(Being goods sold
for 25k, less 4% immediate discount) | | | |
Hinglish Explanation:
- Sales
humara income = 25k credit.
- Par
humne 1k discount allow kiya, so “Discount Allowed A/c” ko debit karte
hain.
- Hume
cash sirf 24k mila, isliye “Cash A/c” me 24k debit.
Example 15
Received ₹10,000 from Mr. X in part settlement of his outstanding ₹15,000. The
firm did not allow any discount—₹5,000 is still due. Pass the journal entry.
Solution (Hinglish)
- Mr.
X originally owes 15k. He pays 10k. No discount means 5k abhi bhi pending.
- “Cash/Bank
A/c” Dr. 10k (depending on how he pays—assume cash).
- “Mr.
X A/c” credit 10k (reduces from 15k to 5k).
Journal Entry
(Table):
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-03 | Cash A/c Dr. | 10,000 | |
| To Mr.
X A/c | | 10,000 |
(Being part payment
received from Mr. X, 5k still outstanding) | | | |
Hinglish Explanation:
- Mr.
X ki 15k ki debt me se 10k humne receive kiya.
- Isliye
hum “Cash A/c” ko debit (10k) aur “Mr. X A/c” ko credit (10k).
- Mr.
X ab sirf 5k ka balance due rakhta hai.
Example 16
Interest on Capital ₹2,000 is provided to the owner from business profits. Pass
the journal entry in the firm’s books.
Solution (Hinglish)
- Interest
on Capital is an expense from the firm’s perspective, but an income for
the owner.
- “Interest
on Capital A/c” Dr. (Nominal—expense).
- “Capital
A/c” Credit—capital increase (ya capital return?), typically it’s added to
owner’s capital.
Journal Entry
(Table):
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-04 | Interest on Capital
A/c Dr. | 2,000 | |
| To
Capital A/c | | 2,000 |
(Being interest on
capital credited to owner's account) | | | |
Hinglish Explanation:
- Owner
ke capital par firm ne 2,000 interest diya, jo business ke liye expense
hai.
- Owner
ki capital me 2,000 add ho gaya (Capital A/c credited).
Example 17
Charged Interest on Drawings ₹500 to the proprietor. Pass the journal entry in
the firm’s books.
Solution (Hinglish)
- Interest
on Drawings is an income for the firm (they’re charging the owner).
- Owner’s
capital side is effectively reduced by 500. Some prefer to credit Interest
on Drawings to “Interest on Drawings A/c” (income?), or directly to
“Income from Interest on Drawings.”
- The
debit goes to the Drawings A/c or “Capital A/c” if the practice is to
reduce capital. Typically, we do: “Drawings A/c Dr.” or sometimes “Capital
A/c Dr.” to “Interest on Drawings A/c.”
Journal Entry
(Table)—common approach:
Date | Particulars | Debit (₹) | Credit (₹) |
2025-May-05 | Drawings A/c Dr. | 500 | |
| To
Interest on Drawings A/c | | 500 |
(Being interest on
drawings charged to proprietor) | | | |
Hinglish Explanation:
- Interest
on Drawings = firm ki income, so usko credit kiya.
- Owner
ke drawings account me debit hua, kyunki unse 500 charge hua, effectively
unki capital reduce ho gayi.
Hinglish Recap
- Compound
Entries tab pass hote hain jab ek transaction me ek se zyada debit/credit
ho (jaise wages partly in cash, partly in bank).
- Cash
Discount par entry me “Discount Allowed” (expense) ko debit karte hain
agar hum discount de rahe hain. “Discount Received” (income) ko credit
karte hain agar supplier hume discount de raha hai.
- Partial
Payment me sirf utna hi amount debit/credit karte hain jitna pay/receive
hua; balance abhi due rahta hai.
- Interest
on Capital is expense from business viewpoint, so “Interest on Capital
A/c” debit, “Capital A/c” credit.
- Interest
on Drawings is income for business, so “Interest on Drawings A/c” credit,
“Drawings A/c” debit.
- Journal
Entry mein hamisha two aspects hote hain: Debit aur Credit.
- 7.Assets/Expenses
badhne pe Debit hote hain; Liabilities/Income/Capital badhne pe Credit.
- Cash
Paid⇒“Cash A/c”ko credit,
Cash Received⇒“Cash A/c”ko debit.
- Discount
Allowed = humara kharcha / loss⇒debit.
Discount Received = humari income⇒credit.
- Drawings
= jab owner business se paise nikalta hai⇒“Drawings A/c
Dr. To Cash/Bank.”
