Every business ought to have transactions where their ultimate profit and loss bring up. So, managing the transactions smarter gives a boost to the organizations. As many organizations moved toward , the voucher is the primary online document used to record the transactions.
Example:a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement.
Example: giving the benefit and the other receiving the benefit.
Example: giving the benefit and the other receiving the benefit.
Assets = Liabilities + Owners Equity(capital). |
Example You paid rent (₹1000).
Particulars | ₹ Rupees |
---|---|
Started business with cash | ₹ 1,00,000 |
Borrowed loan from bank | ₹ 25,000 |
Deposited cash into bank | ₹ 60,000 |
Bought goods and paid by cheque | ₹ 10,000 |
Cash withdrawn for personal use | ₹ 5,000 |
Cash withdrawn from bank for office use | ₹ 3,000 |
S.no | Assets | Liabilities | Capital | ||
Stock | Cash | Bank | |||
1 | + 1,00,000 | + 1,00,000 | |||
2 | - 60,000 | + 60,000 | |||
3 | + 25,000 | + 25,000 | |||
4 | + 10,000 | - 10,000 | |||
5 | - 5,000 | - 5,000 | |||
6 | + 3,000 | - 3,000 | |||
+ 10,000 | + 38,000 | + 72,000 | + 25,000 | + 95,000 | |
₹ 1,20,000 | ₹ 1,20,000 |
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