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 Threads
- RSU - shares sold to cover taxes
- HSN numbers
- Disclosure of Additional Income in 148 Return
- Input tax after revision of GST rate
- Is Variable Pay considered as commission?
- Conveyance Reimbursement,Uniform Allowance,Interne
- GST Applicable for Section 8
- Income tax return status issue
- Larification on Applicability of ESI, PF, and Grat
- GST RCM Liability on Royalty on Gujarat State
Related Threads
CAclubindia
