Ledger based doubts

๐ŸŒŸ 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????
Replies (6)
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.

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.

 

 

 

 

So which items are comes in that are ๐ŸŒŸ By and which items goes out that are ๐ŸŒŸ To ...??

By Assets

To incomes

By Expenses

To Capital

To liabilities

 

Purchase of car is exempted or not in income tax
Agreed
Agree with yasaswi

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