Accountancy, asked by akashsingh38, 1 year ago

how are journal entry solve

Answers

Answered by TarunAashish
0
journal entries are solved with the help of rules and concepts of accounting.

first of all you must learn the 3 GOLDEN RULES of accounting i.e
1.PERSONAL A/C ;- DR. (debit) the receiver & CR. ( credit ) the giver.

2. REAL A/C :- DR(debit ) what comes in & CREDIT (credit) what goes out.

3. NOMINAL A/C :- DR( debit ) all expenses and losses & CR( credit) all incomes and gains.

remember these 3 rules and apply it.
Answered by trinabh74
0
remember in debit there are 3 things
1.drawings 2.expenses/losses 3. assets
in credit there are 3 things
1. capital 2. incomes 3. liabilities
Similar questions