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11/4/14

Simple Journal Entries

1.Purchase Of Goods -Purchase of goods for cash purchase A/c Dr  To cash A/c  -purchase of goods for credit purchase A/c Dr creditors a/c  2.sale of goods -for cash  cash/bank a/c Dr to sales a/c -for credit  debtors a/c Dr  To sales a/c   3.cash introduced in by the proprietor into business cash a/c dr  to capital a/c   4.cash paid into bank bank a/c dr  to cash a/c  5.furniture bought for cash  furniture a/c dr to cash a/c  6.goods sold to X x's a/c dr to sales a/c   7.rent paid in cash rent a/c dr to cash a/c  8.salary paid in cash  salary a/c dr to cash a/c  9.asset sold for cash  cash a/c dr to asset a/c  10.commission recieved cash a/c dr to commission a/c   11.cash withdrawn by proprietor  drawings a/c dr  to cash a/c ***journal entries to be passed on issue of equity shares at par :) -to call the uncalled amount equity share capital a/c dr to equity share final call a/c - to recieve the amount on final call Bank a/c dr equity share final call a/c to issue any new shares to carry out redemption bank a/c dr to equity share capital a/c to to transfer any amount from divisible profit to capital redemption reserve account. Divisible profit a/c dr to CRR a/c to redeem equity shares equity share capital a/c dr to Equity share holders a/c to pay shareholders equity share holders a/c dr to bank a/c

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