Ledger based doubts

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3145 Points Posted on 30 October 2021
🌟 generally in ledger how to write the items in To columns and by columns ....which means how can I find ,this item I have to write in " To and "By ... actually what By represent and to represent????
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On 30 October 2021 at 06:05 Report
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Quick Summary
This discussion clarifies the use of 'To' and 'By' in ledger accounting. It explains that 'By' typically represents items coming in (like assets or expenses) and 'To' represents items going out (like incomes or liabilities). Examples are provided to illustrate how to correctly post entries in different books like the cash book and sales book.

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My grammar is 💯 good I
7306 Points Posted on 30 October 2021

It's very simple 

By cash a/c 

To Sales a/c 

In the cash book, since cash is debit in the above journal, put To sales in the debit column.

In the sales book since sales s credit in the above journal, put By cash in the credit column.

 

 

 

 

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On 30 October 2021 at 10:35
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3145 Points Posted on 30 October 2021
So which items are comes in that are 🌟 By and which items goes out that are 🌟 To ...??
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On 30 October 2021 at 10:43
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My grammar is 💯 good I
7306 Points Posted on 30 October 2021

By Assets

To incomes

By Expenses

To Capital

To liabilities

 

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On 30 October 2021 at 14:27
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3145 Points Posted on 30 October 2021
Purchase of car is exempted or not in income tax
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On 30 October 2021 at 14:29
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CA
10436 Points Posted on 01 November 2021
Agreed
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On 01 November 2021 at 21:17
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Chartered Accountant
24588 Points Posted on 02 November 2021
Agree with yasaswi
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On 02 November 2021 at 06:21

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