Confusion in journal Entries

I am confusing in passing the entries pls advise me in simple manner.

Gururaja  from India

Dear Rajas Guru, I am writing 2 tips, I hope, you will get idea for passing journal entries.

1st Tip : You should understand that journal entry is just one file which you have to keep in two place. Suppose, you have one photo. If it will delete in one side, we can get it from other side. Like this, if you did any wrong entry. There is not problem. Because expert can find it but if you did not pass it will be crime.

2nd Tip : You should understand that journal entry is the base of your learning of accounting. Every transaction is take and give deal. You think first what do you give and then think what do you take? Note it in notebook. Then think what goes from your business and what comes in your business. Last, you should think, is it expense or income. For example, we sell goods of Rs. 10000.  We are the giver of Rs. 10000's goods. We are taker of Rs. 10000. Goods went from our business. Cash comes in our business.  This is our income from sale. Now construct its journal entry.  Now, there will be the competition between the first rule and second rule and third rule. When cash comes in the business, It is clear, we are the receiver. So, cash account will be debit. This cash is giver by other party but we are not interested who has given but we are more interested what went from our business, so, we will credit our goods. Its our name is sale account.  Following entry will be passed :

Cash Account Dr. 10000

Sale Account Cr. 10000







11th Class Physics 6th Class Science accounting Accounting Concepts Accounting Course Accounting Education accounting equation Accounting Solutions Accounting Videos in Hindi Algebra Answer the Questions and Become Master Applied sciences B.Com Maths Balance Sheet bank Banking Bodybuilding Education Budget Business Business Education Business Environment Business Mathematics Business Solutions CA Calculus cameras car Car Driving Course Career Solutions carpentry Cattle Domestication Skill Cattle Domestication Skill chemistry Class 10 Maths Class 8 Maths Class 9 Maths Computer Computer Basics Computer Hardware Computer Networking Computer Software Computer Solutions Construction Skills cooking education Corporate Accounting Corporate Law cost cost accounting Credit Card CSE Dailymotion DEMAT Account depreciation determinant drawing Driving Education e-accounting earn money Earning Economics Education Education Education Solutions Electrical Skills Electronics Email Energy (physics) Engineering Events Examination Failure Finance Finance Education Finance Solutions financial Financial Accounting FIR Focus on Study Football Forex Forex Trading Skills Fundraiser Gambling Gambling Addiction Goldsmith Google Adsense GST Guest Writers Gurpreet Singh HDFC Bank Health Education Help History Home Building Home Maintenance amp; Repair Home Remedies Course Index Number India Indian Language Infolinks Inspiration insurance internal audit International Finance Internet Internet Forum Investment Jobs amp; Careers Journal journal entries journal entry Kenya Laptop Basics Law Education Law Solutions Learning Lecture Legal Education Linear algebra Linear Programming Malaysia Management Accounting Management Education Management Solutions Marketing Education Mathematics Education matrices MCAT Medical and Surgery Education Mobile motivation MS Excel Music Skills Nepal Nigeria organisation Other Pakistan paypal paytm Personal Finance Philippines Photography Photoshop Software Picture Plumbing Education Probability Profiles Profit provision Quiz real estate rectification rectification of errors Relationships amp; Family Religious Studies Result Sahas Saudi Arabia Saving SBI School Accounting Science Education Secrets of Failure Self Identity Self-Learning Share Market Share Market Dictionary Singing Skills Skating Slideshow Solution Spiritual Education Sports Statistics Statistics Education stock Story Success svtuition Tablet Education Tailoring Skills Tally Tally Solutions Tally.ERP 9 tax Tax Solutions teaching Teaching Education Tech Simplify technical education Test Testimonials Travel Trigonometry tuition TV Shows UK USA variance analysis VAT vector Video Video on Demand videos Vocational Education Wealth Web design website Welding Skills Wife Window Movie Maker Wordpress working capital Yono App Yono Cash Youth youtube zigopay
Svtuition: Confusion in journal Entries
Confusion in journal Entries
Not found any lecture VIEW ALL Learn More Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock