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Ledger based doubts
🌟 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)
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 🌟 By and which items goes out that are 🌟 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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