Fundamentals but confused

Page no : 2

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Originally posted by : Yasaswi Gomes new
	By salary To salary payable By means bebit and expense in income statement, asset in balance sheet and reduction of equity statement To means credit in income statement, liability in balance sheet and increase in equity statement By example Income statement By purchases Cr bank Or By salary Cr. Salary payable Or By interest Cr. Bank By means in balance sheet Dr. Asset Cr. Bank Or Dr. Receivables Cr. Sales By means in Equity By Retained earnings Cr. Bank Dividend payed To means in income statement By bank/receivable To sales Or By Bank To Sale of property To Gain on sale or By bank To commission income To means in balance sheet By Depreciation To asset Asset value decreased Or By Current tax To Current tax payable To means in equity By bank To capital Partner introduced new capital Or Dr. Asset Cr. Revaluation gain - equity Asset gained value

First highlighted lines are useful and related to the query...

Others may not required...

Some of wrong practice...

Some of can't do with entries...

But, If You are practice then make new forum and go with practice and ask correction... Don't collapse query

Please 🙏🙏🙏🙏🙏

sabyasachi mukherjee (26207 Points)
Replied 24 January 2024

Provision of salary details..

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Originally posted by : Yasaswi Gomes new
	Originally posted by : RAJA P M Originally posted by : Yasaswi Gomes new Dont worry. Either ways he learnt both our ways Ledger or by/to query If the queries to doesn't understand, he'll call back Yeah May be... But, I don't see or learnt like Purchase & Purchase Return in One... Interesting. Now a test to you Dr. Purchases Cr. Returns Or Dr. Returns Cr. Purchases Which came first, hen or egg?

You are not the person to test me...

You are just a born baby. Also act like "Kadivaalam kattiya Horse / Kundu Sattiyil Race Horse oottum person" (I don't know exactly with English/British/American. So, if have a chance then transalate from Tamil).

You need more experience for test me. Not only written at every time as IFRS/INDAS/AS/OTHER...

GOOD LUCK...

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Originally posted by : sabyasachi mukherjee
	Provision of salary details..

Adei Narayanaa...

Evan vera paithiyakaran kurukkaala vanthurraan adikkadi...

🙊🙊🙊🙊🙊

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 24 January 2024

Now both of you can write your exams I'm your invigilator and I'll correct papers strictly

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 24 January 2024

Sanjay start watching English news. Your English must improve. Now matter what you'll mispelled names and queries. Plus you'll not understand what we say. Start working on it

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Enjoy my dear child with loudly laugh...
Bcoz, We with You, We care of You...

(Sorry Ji, With comparison Sabyasachi is better than You)

Good Luck...

MPR Sanjay Kumar (3005 Points)
Replied 24 January 2024

Ok sir I will learn and communication

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Good one Mr MPR Sanjay Kumar...

I'm watching only Tamil news and Tamil Channels...
😍😍😍😍😍😍

MPR Sanjay Kumar (3005 Points)
Replied 24 January 2024

Asset purchase

Machinery a/c Dr.

To Bank ac

in ledger

By machinery

To Bank ( payment)

am I right

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 24 January 2024

Originally posted by : MPR Sanjay Kumar
	Asset purchaseMachinery a/c Dr.To Bank acin ledgerBy machineryTo Bank ( payment)am I right

In machinery ledger only one transaction

To bank on the debit side

Similarly in the bank ledger

By machinery on the credit side of the ledger

See? Raja is busy deriding others without being helpful and the purpose of this discussion forum is to discuss only matter. I'm the best here and fully certified and others can claim but not certified :)

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 24 January 2024

https://www.business-case-analysis.com/ledger.html

Look at the last table, this the easiest way to understand how multiple ledgers correlate

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Originally posted by : Yasaswi Gomes new
	Originally posted by : MPR Sanjay Kumar Asset purchaseMachinery a/c Dr.To Bank acin ledgerBy machineryTo Bank ( payment)am I right In machinery ledger only one transaction To bank on the debit side Similarly in the bank ledger By machinery on the credit side of the ledger See? Raja is busy deriding others without being helpful and the purpose of this discussion forum is to discuss only matter. I'm the best here and fully certified and others can claim but not certified :)

Yes You are exactly correct...

(being helpful and the purpose of this discussion forum is to discuss only matter)

But, Before that think about what you did here...m You are doing the same here and also some of the forums. So, You not eligible to say as this...

Means,

Reply to the forum...

RAJA P M ("Do the Right Thing...!!!") (127362 Points)
Replied 24 January 2024

Originally posted by : Yasaswi Gomes new
	Originally posted by : MPR Sanjay Kumar Asset purchaseMachinery a/c Dr.To Bank acin ledgerBy machineryTo Bank ( payment)am I right In machinery ledger only one transaction To bank on the debit side Similarly in the bank ledger By machinery on the credit side of the ledger See? Raja is busy deriding others without being helpful and the purpose of this discussion forum is to discuss only matter. I'm the best here and fully certified and others can claim but not certified :)

Yes You are exactly correct...

(being helpful and the purpose of this discussion forum is to discuss only matter)

But, Before that think about what you did here...m You are doing the same here and also some of the forums. So, You not eligible to say as this...

Means,

Reply to the forum...

Yasaswi Gomes new (Finance ) (4487 Points)
Replied 24 January 2024

Originally posted by : RAJA P M
	Originally posted by : Yasaswi Gomes new Originally posted by : MPR Sanjay Kumar Asset purchaseMachinery a/c Dr.To Bank acin ledgerBy machineryTo Bank ( payment)am I right In machinery ledger only one transaction To bank on the debit side Similarly in the bank ledger By machinery on the credit side of the ledger See? Raja is busy deriding others without being helpful and the purpose of this discussion forum is to discuss only matter. I'm the best here and fully certified and others can claim but not certified :) Yes You are exactly correct... (being helpful and the purpose of this discussion forum is to discuss only matter) But, Before that think about what you did here...m You are doing the same here and also some of the forums. So, You not eligible to say as this... Means, Reply to the forum...

Can't you understand humour? Your joking and I'm joking :) of you seriously think I don't know what I'm speaking, pin point a mistake and that's what accountants do