debit cash / bank / assets
credit owners capital
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.
if we purchase assets on credit then we will pass its entry in journal voucher n if we buy anything other then asset related to our business then we will go for purchase voucher..........
debit salary expensecredit cash
loss by theft A/c to purchases
Debit cash in handCredit bank
debit rent expensecredit cash / bank
debit unexpired interestcredit interest paid
Cash a/c Dr. To Sales a/c
Debit cash / bankCredit discount allowed
debit cash / bankcredit loan from bank
Debit cash / bankCredit share capital
debit accounts payable/ cashcredit purchase returns