Journal entries

You Need One Private Tutor.

Start From Basic 12th Class.

just follow these rules:

For Personal A/c (like persons names, firms, companies):

• Dr. Receiver
• Cr. Giver

For Real A/c (like all assets, goods, cash)

• Dr. What Comes in business
• Cr. What goes out form business

For nominal A/c (e.g. all expenses and incomes)

• Dr. all expenses and losses
• Cr. all incomes and gains

thanks ayush ji and yogesh ji...i know the golden rules of accounting very well,so that is not my problem....my problem is applying the correct entries based on various situations......means i get confused which entry to pass....do i need to remember the theory part at the time of situations? means like this is happening and so this is increasing and this is decreasing so i have 2 pass this entry? particularly in company accounts part i get confused.....

first of all let me make you very clear that entries are not mugged up

they automatically comes from concept mere golden rule cant help it ..

you need to be clear at your concepts yes theory is as important as practicle part both are incomplet without each other and even then you face problem join some good tuitions

or you can take guidance of your seniors who are in ca final

The journal entries should not be byhearted it should be framed by firstly classifying the accounts to personal A/c,Real A/c or Nominal A/c and then applying the golden rules as applicale............

I must say Mrudula is right...

Prithis love the subject, try to understand the logic and follow the rules said by mrudula everything will be fine. Tell your self you are good in journal entry.

just try to under stand entries for this plz refer accounting equation

I thing so it will more helpful to you.

follow this

1.  Assets,expences                =>if increases--dr.    if decreases--cr.

2.  liabilitues, capital, revenue   =>if increases--cr.    if decreases--dr.

Yes, Go For This Written by Know UR Self