[Debit] Cash / bank / goods / assets
[Credit] Partner's capital account
example of an depreciation asset
furniture account a/c dr 10000 to cash a/c 10000 journal entries are always passed first than ledger creation.
purchases a/c 1000...dr. cash a/c 1000...cr.
[Debit] Salaries Expense [Credit] Salaries payable (balancing amount) [Credit] Deductions
yes,without the knowledge of journal entries one cannot pass journal entry in tally tally focuses on accounting principles(real a/c,personal a/c,nominal a/c) from the beginning of journal entries to the final stage,i.e.,preparation of profit and loss account and balance sheet in an easy manner so that even a lay man can grasp the subject easily.
purchase 1400 dr. ram 1400 cr.
You need to pass IIT JEE Advance and Mains Exam for getting admission any of the IIT's. for getting admission in desired IIT's you should have appropriate rank .
Iam 12th pass but again want admission
39%
this is my cp account no admission
pass mark for aieee 2009 for sc is 44
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.