LEARN OPENING ENTRY UNDER JOURNAL ACCOUNTS

OPENING ENTRY UNDER JOURNAL

·         LEARN OPENING ENTRY: JOURNAL
PLUS ONE ACCOUNT

·         MEANING OF OPENING ENTRY

·         A JOURNAL ENTRY BY MEANS OF WHICH THE BALANCES OF VARIOUS ASSETS,LIABILITIES AND CAPITAL APPEARING IN THE BALANCE SHEET OF THE PREVIOUS ACCOUNTING PERIOD ARE BROUGHT FORWARD IN THE BOOKS OF CURRENT ACCOUNTING PERIOD

·         KNOWN AS OPENING ENTRY

·         THIS ENTRY IS PASSED BY DEBITING ALL ASSETS AND CREDITING ALL LIABILITIES. IF THE CAPITAL IS NOT GIVEN THEN

LEARN JOURNAL ENTRY IN FIVE MINUTES 4 ACCOUNTING

LEARN JOURNAL ENTRY WITH IN FIVE MINUTES PART 4 ACCOUNTS

LEARN JOURNAL ENTRY WITH IN FIVE MINUTES PART 4

ACCOUNTING FOR PLUS ONE/BBA/BCOM/MBA/CA/CS FOUNDATION

MEANING OF COMPOUND JOURNAL ENTRY

A COMPOUND JOURNAL ENTRY IS AN ACCOUNTING ENTRY WHICH EFFECTS MORE THAN TWO ACCOUNT HEADS. A SIMPLE JOURNAL ENTRY HAS ONE DEBIT AND ONE CREDIT WHERE AS A COMPOUND JOURNAL ENTRY INCLUDES ONE OR MORE DEBITS AND OR CREDITS THAN A SIMPLE JOURNAL ENTRY.

LIKE SALARY PAID ,2000,RENT PAID,1000,COMMISSION PAID 500

HERE THE COMMON PART IS CASH SO WE WILL MAKE COMPOUND ENTRY

SALARY A/C -----DR 2000

RENT A/C------- DR 1,000

COMMISSION A/C ----- DR 500

TO CASH A/C 3500

( BEING SALARIES,RENT AND COMMISSION PAID)

COMPOUND JOURNAL ENTRY

LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 3

LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 3

• LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 3
  PLUS ONE ACCOUNT
• MBA/BBA/BCOM/CA AND CS FOUNDATION BUSINESS ACCOUNTING
• RULES ( TRADITIONAL RULES)

1. PERSONAL ACCOUNTS :- DEBIT THE RECEIVER AND CREDIT THE GIVER
2. REAL ACCOUNT :- DEBIT WHAT COME IN , CREDIT WHAT GOES OUT
3. NOMINAL ACCOUNT:- DEBIT ALL EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS

LEARN JOURNAL ENTRY IN JUST FIVE MINUTES 2 ACCOUNTS

LEARN JOURNAL ENTRY JUST IN FIVE MINUTES ACCOUNTS

• LEARN JOURNAL ENTRIES JUST IN FIVE MINUTES PART 2
  PLUS ONE ACCOUNT
• MBA/BBA/BCOM/CA AND CS FOUNDATION BUSINESS ACCOUNTING
• RULES ( TRADITIONAL RULES) 

1. PERSONAL ACCOUNTS :- DEBIT THE RECEIVER AND CREDIT THE GIVER
2. REAL ACCOUNT :- DEBIT WHAT COME IN , CREDIT WHAT GOES OUT
3. NOMINAL ACCOUNT:- DEBIT ALL EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS

LEARN JOURNAL ENTRIES 1 IN FIVE MINUTES ACCOUNTS

•  LEARN JOURNAL ENTRIES 1 WITH IN FIVE MINUTES
  PLUS ONE ACCOUNT
• MBA/BBA/BCOM/CA AND CS FOUNDATION BUSINESS ACCOUNTING
• RULES
• PERSONAL ACCOUNTS :- DEBIT THE RECEIVER AND CREDIT THE GIVER
• REAL ACCOUNT :- DEBIT WHAT COME IN , CREDIT WHAT GOES OUT
• NOMINAL ACCOUNT:- DEBIT ALL EXPENSES AND LOSSES AND CREDIT ALL INCOMES AND GAINS