Accounting for Bonus Issue & right issue
Data when data yes will be there in the picture. data means from
whom amounts are receivable. Amount is receivable and
receivable.. data becomes when he pays us. When data pays us
means we collect amount from him, so we will call it as data
becomes keyword. So later banjaga giver and creditor becomes
receiver so friends without having data creditor relationship we can
not pass entry for receiver viewer. the data create the creditor is the
new rule and the daily all expenses and losses credit all incomes
engage personal and real account are carried to balance sheet. real
account debit what debit what comes in credit what goes out and
nominal account debit All expenses. credit all income and gains. the
main object to Mr. Push this main objective is nothing but your
basics must get clear so this is today before starting bonus issue. we
will cover. Your basics first and then we will start Ss started business
with cash of rupees 1 lakh, so how to pass journal entry I have
divided in 4 parts..
10 entries out of 20 entries. We are going to cover it today and 10
entries will be your homework that I am going to in trade. What goes
out nominal debit, all expenses and losses rate all incomes and
gains. You have to tell this entry minimum hundred times before
passing any journal entry please clear your basics from scratch.
cash is a real account and loan bank is a personal account. furniture
is asset for me so for nature and cash identify accounts furniture
and cash. furniture is real account so furniture is a. real account.
furniture debit what comes in and credit what goes out so entry will
be furniture account debit to cash.