The Basic Journal Based On Modern Rules of Debit & Credit.
Modern Rules of Debit & Credit Particular Balance Increase Decrease Drawings & Dividend Debit Debit credit Expenses Debit Debit credit Asset Debit Debit credit Liability Credit Credit Debit Equity Credit Credit Debit Revenue Credit Credit Debit Example Basic journal of modern rules. 1.capital Received Form Mr. X ₹ 1000000 as Cheque 2. Cash Withdraw from Bank ₹ 100000 3.purchase Machinery from TATA PVT Ltd ₹ 200000 4. Raw Materials Purchased From KKR & LTD ₹ 100000 5. Cheque Issued to TATA Ltd ₹ 200000 6.sales to Kavin ₹ 80000 7.cash Sales to Raguvaran ₹ 30000 Discount Allowed 10% 8. water Charges paid Cash ₹ 9500. 9.EB Charges Paid Cash ₹9800 10. Bank Lo...