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Ledger

The document outlines the format and entries for basic bookkeeping transactions in a double-entry accounting system. It includes examples of journal entries for common transactions like inserting capital, purchases, expenses, revenue, returns, and adjusting balance sheet accounts at the end of each period. The purpose is to record financial transactions and maintain balance between debits and credits in general and individual ledger accounts.

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yow jing pei
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138 views4 pages

Ledger

The document outlines the format and entries for basic bookkeeping transactions in a double-entry accounting system. It includes examples of journal entries for common transactions like inserting capital, purchases, expenses, revenue, returns, and adjusting balance sheet accounts at the end of each period. The purpose is to record financial transactions and maintain balance between debits and credits in general and individual ledger accounts.

Uploaded by

yow jing pei
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Ledger@ Account XX

Date

Particular

Amount

Date

Debit

Particular

Amount

Credit

Asset/ Expense (Purchases)/ Drawing Ledger@ Account XX


Date
xx
xx

Particular
Bal b/d
Increase

Amount
xx
xx

Date
xx
xx

Particular
Decrease
Bal c/d

Amount
xx
xx

xx
New
month

Bal b/d

xx

xx

Liability/Revenue (Sales)/ Capital/ Allowance (Provision) Ledger@ Account XX


Date
xx
xx

Particular
Decrease
Bal c/d

Amount
xx
xx

Date
xx
xx

Particular
Bal b/d
Increase

Amount
xx
xx

xx

xx
New month

Bal b/d

xx

Journal Entry
Date

Particular

1. Insert Capital
Date
Particular
xx
Dr asset

Debit

Credit

Debit
xx

Credit

Cr Capital
2. Drawing
Date
Particular
xx
Dr Drawing

xx

Debit
xx
Cr Purchases (stock)/Asset

Credit
xx

3. Expenses paid by cash


Date
Particular
xx
Dr Expenses

Debit
xx
Cr Cash/Bank

4. Purchase an asset by cash


Date
Particular
xx
Dr Asset

xx

Debit
xx
Cr Cash/Bank

5. Acquire an asset on credit


Date
Particular
xx
Dr Asset
Cr HP/Creditor-Asset

Cr Cash/Bank

Cr a/c Payable-Name

Credit
xx

Debit
xx
Cr Revenue

9. Revenue on credit
Date
Particular
xx
Dr a/c Payable

Credit
xx

Debit
xx

8. Revenue received in cash


Date
Particular
xx
Dr Cash/Bank

Credit
xx

Debit
xx

7. Purchase stock on credit


Date
Particular
xx
Dr Purchases

Credit
xx

Debit
xx

6. Purchase stock by cash


Date
Particular
xx
Dr Purchases

Credit

Credit
xx

Debit
xx
Cr Revenue

Credit
xx

10. Stock (sales) return by customer


Date
Particular
xx
Dr Return Inward
Cr a/c Receivable

Debit
xx

11. Stock (purchases) return to supplier


Date
Particular
xx
Dr a/c Payable
Cr Return Outward

Debit
xx

Credit
xx

Credit
xx

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