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Goods returned.K creation 5000.00 Debit -SK Creation A/c fansedge promo code free shipping Liability Decreases Credit Purchase Return A/c Credit all Incomes or gains Now lets post all this transactions in to a journal.
Bank charges Account.
At that time, your deposited money will decrease.
Credit- Sale A/c Income Increases -Credit all Incomes and gains.Goods returned by Indian cotton 2500.00.Purchased Goods from.K creation on credit 200000.00 Debit- Purchase A/c Expense Increases Debit all expenses and losses.Recommend reading: Types of accounts Apart From from the above the below table of debit and credit will help you to journalise transactions quickly.Credit- Sales A/c -Credit all Incomes Gains.Rent paid to building owner 1500.00.
So, its bank account will increase.
Now You have learned What is a Jouranl, Types of Journals, What is journalising, to find out the, debit credit aspects of a transaction.
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