Is there any method/trick/logic by which we can quickly form journal entries (basic as well as complicated ones)??
(Might seem an odd question but cometimes we do get stuck in certain situations!)
Regards
Menu
Journal entires
Replies (1)
You must be very clear about the nature of item you are dealing with and the 'Three Golden Rules of Accounts'. If you know whether the item falls in Real a/c or personal a/c or nominal a/c catagories, you will be able to form journal entries quite easily and quickly.
Your Basics must be clear to be good with journal entries.
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
