Ledger@ Account XX

Date Particular Amount Date Particular Amount

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

Date Particular Amount Date Particular Amount

xx Bal b/d xx xx Decrease xx

xx Increase xx xx Bal c/d xx

xx xx

New month

Bal b/d xx

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

Date Particular Amount Date Particular Amount

xx Decrease xx xx Bal b/d xx

xx Bal c/d xx xx Increase xx

xx xx

New month Bal b/d xx

Journal Entry

Date Particular Debit Credit

1. Insert Capital

Date Particular Debit Credit

xx Dr asset xx

Cr Capital xx

2. Drawing

Date Particular Debit Credit

xx Dr Drawing xx

Cr Purchases (stock)/Asset xx

Credit Debit

3. Expenses paid by cash

Date Particular Debit Credit

xx Dr Expenses xx

Cr Cash/Bank xx

4. Purchase an asset by cash

Date Particular Debit Credit

xx Dr Asset xx

Cr Cash/Bank xx

5. Acquire an asset on credit

Date Particular Debit Credit

xx Dr Asset xx

Cr HP/Creditor-Asset xx

6. Purchase stock by cash

Date Particular Debit Credit

xx Dr Purchases xx

Cr Cash/Bank xx

7. Purchase stock on credit

Date Particular Debit Credit

xx Dr Purchases xx

Cr a/c Payable-Name xx

8. Revenue received in cash

Date Particular Debit Credit

xx Dr Cash/Bank xx

Cr Revenue xx

9. Revenue on credit

Date Particular Debit Credit

xx Dr a/c Payable xx

Cr Revenue xx

10. Stock (sales) return by customer

Date Particular Debit Credit

xx Dr Return Inward xx

Cr a/c Receivable xx

11. Stock (purchases) return to supplier

Date Particular Debit Credit

xx Dr a/c Payable xx

Cr Return Outward xx