Banking and Finance Blog
In this article we will provide the information related to how to pass Journal Entries for GST. Lets starts to know about HOW TO PASS JOURNAL ENTRIES FOR GST With the confirmation that GST will be implemented across India from April 1, 2016, it’s crucial to prepare for this change in your business accounting … Read more
Dear readers welcome, today in this article we provide the information related to Journal Entries with examples. After reading the article you will get the knowledge to pass the basic journal entries. These Journal Entries are very important in Accounting. Lets start one by one CASH BROUGHT IN BY PROPRIETOR AS CAPITAL RS. 1,77,000 … Read more
In this article we will provide the information related to Journal Entries for Accounts Payable. Ever wondered how businesses keep track of what they owe? Well, it all starts with something called an Accounts Payable journal entry. This entry is made for every transaction, even when the amounts for credit and debit are the same. … Read more
In this blog post we provide the information related to the Journal Entries for Accounts Receivables. Account receivables become a significant current asset when your business sells products on credit. Essentially, when we sell goods on credit, we create accounts for our buyers. The sum total of these accounts becomes what we refer to as … Read more
Dear reader if you want to know how to correctly pass a journal entry for cheque deposit in bank, you have come to the right place. In this article, we will explain the journal entry process for cheque deposits in a bank in simple terms, without the need to reference multiple sources. JOURNAL ENTRY … Read more
In this blog post we try to provide the information about Journal Entries for Payroll. Its represents the total salary of an employee. When we disburse the net salary to an employee, we create their payroll record. Maintaining a payroll record is essential as it constitutes a significant expense for the company. Various obligations, such as … Read more
Dear Readers in this blog you get information about Journal Entry for Discount Received. It is a beneficial gain for a business. It occurs when we settle our obligations with creditors ahead of their due dates. This not only adds to our earnings but also accelerates the settlement of our liabilities. To document the receipt of … Read more
Dear readers in this article, you got to know about the Journal Entries for Sales. In any business, maintaining a meticulous sales record is of utmost importance. These records serve as the basis for critical decisions regarding new purchases and production. Therefore, to accurately document sales, we employ journal entries. For these journal entries, we … Read more
In this article you will get to know about Journal Entries for Purchases. In any business, maintaining a precise record of purchases holds significant importance. This record serves as the foundation for crucial decisions related to manufacturing and sales. To document these purchases accurately, we employ journal entries. In these journal entries, purchases are considered as … Read more
If you are looking to understand how to properly record the Journal Entry for Capital Introduced in your business, you’re in the right place. In this article, we will explain how to make journal entries for capital introduced in simple terms, without needing to consult multiple sources. JOURNAL ENTRY FOR CAPITAL INTRODUCED Debit Cash/Bank Account … Read more