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    Ledger

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    yow jing pei
    The document outlines the format and entries for basic bookkeeping transactions in a double-entry accounting system. It includes examples of journal entries for common transactions like inserting capital, purchases, expenses, revenue, returns, and adjusting balance sheet accounts at the end of each period. The purpose is to record financial transactions and maintain balance between debits and credits in general and individual ledger accounts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Ledger

    Uploaded by

    yow jing pei
    52 views4 pages
    The document outlines the format and entries for basic bookkeeping transactions in a double-entry accounting system. It includes examples of journal entries for common transactions like inserting capital, purchases, expenses, revenue, returns, and adjusting balance sheet accounts at the end of each period. The purpose is to record financial transactions and maintain balance between debits and credits in general and individual ledger accounts.

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    accounting

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    The document outlines the format and entries for basic bookkeeping transactions in a double-entry accounting system. It includes examples of journal entries for common transactions like inserting capital, purchases, expenses, revenue, returns, and adjusting balance sheet accounts at the end of each period. The purpose is to record financial transactions and maintain balance between debits and credits in general and individual ledger accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    52 views4 pages

    Ledger

    Uploaded by

    yow jing pei
    The document outlines the format and entries for basic bookkeeping transactions in a double-entry accounting system. It includes examples of journal entries for common transactions like inserting capital, purchases, expenses, revenue, returns, and adjusting balance sheet accounts at the end of each period. The purpose is to record financial transactions and maintain balance between debits and credits in general and individual ledger accounts.

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    © All Rights Reserved
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    Ledger@ Account XX

    Date

    Particular

    Amount

    Date

    Debit

    Particular

    Amount

    Credit

    Asset/ Expense (Purchases)/ Drawing Ledger@ Account XX


    Date
    xx
    xx

    Particular
    Bal b/d
    Increase

    Amount
    xx
    xx

    Date
    xx
    xx

    Particular
    Decrease
    Bal c/d

    Amount
    xx
    xx

    xx
    New
    month

    Bal b/d

    xx

    xx

    Liability/Revenue (Sales)/ Capital/ Allowance (Provision) Ledger@ Account XX


    Date
    xx
    xx

    Particular
    Decrease
    Bal c/d

    Amount
    xx
    xx

    Date
    xx
    xx

    Particular
    Bal b/d
    Increase

    Amount
    xx
    xx

    xx

    xx
    New month

    Bal b/d

    xx

    Journal Entry
    Date

    Particular

    1. Insert Capital
    Date
    Particular
    xx
    Dr asset

    Debit

    Credit

    Debit
    xx

    Credit

    Cr Capital
    2. Drawing
    Date
    Particular
    xx
    Dr Drawing

    xx

    Debit
    xx
    Cr Purchases (stock)/Asset

    Credit
    xx

    3. Expenses paid by cash


    Date
    Particular
    xx
    Dr Expenses

    Debit
    xx
    Cr Cash/Bank

    4. Purchase an asset by cash


    Date
    Particular
    xx
    Dr Asset

    xx

    Debit
    xx
    Cr Cash/Bank

    5. Acquire an asset on credit


    Date
    Particular
    xx
    Dr Asset
    Cr HP/Creditor-Asset

    Cr Cash/Bank

    Cr a/c Payable-Name

    Credit
    xx

    Debit
    xx
    Cr Revenue

    9. Revenue on credit
    Date
    Particular
    xx
    Dr a/c Payable

    Credit
    xx

    Debit
    xx

    8. Revenue received in cash


    Date
    Particular
    xx
    Dr Cash/Bank

    Credit
    xx

    Debit
    xx

    7. Purchase stock on credit


    Date
    Particular
    xx
    Dr Purchases

    Credit
    xx

    Debit
    xx

    6. Purchase stock by cash


    Date
    Particular
    xx
    Dr Purchases

    Credit

    Credit
    xx

    Debit
    xx
    Cr Revenue

    Credit
    xx

    10. Stock (sales) return by customer


    Date
    Particular
    xx
    Dr Return Inward
    Cr a/c Receivable

    Debit
    xx

    11. Stock (purchases) return to supplier


    Date
    Particular
    xx
    Dr a/c Payable
    Cr Return Outward

    Debit
    xx

    Credit
    xx

    Credit
    xx

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