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    Dipendra Giri B2 (Smile Please) : Cash A/c....... Dr. To Bad Debts Recovered A/c

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    Dipendra Giri
    This document outlines various types of transactions and their corresponding journal entries. It includes transactions such as goods being stolen or destroyed by fire, bad debts, depreciation, discounts, and profit/loss on asset sales. For each transaction type, it lists the affected accounts and provides a brief narration for the journal entries. The goal is to properly record the financial effects of these common transactions and ensure the accounting equation remains balanced.

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    Dipendra Giri B2 (Smile Please) : Cash A/c....... Dr. To Bad Debts Recovered A/c

    Uploaded by

    Dipendra Giri
    51 views1 page
    This document outlines various types of transactions and their corresponding journal entries. It includes transactions such as goods being stolen or destroyed by fire, bad debts, depreciation, discounts, and profit/loss on asset sales. For each transaction type, it lists the affected accounts and provides a brief narration for the journal entries. The goal is to properly record the financial effects of these common transactions and ensure the accounting equation remains balanced.

    Original Title

    Dipendra

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    This document outlines various types of transactions and their corresponding journal entries. It includes transactions such as goods being stolen or destroyed by fire, bad debts, depreciation, discounts, and profit/loss on asset sales. For each transaction type, it lists the affected accounts and provides a brief narration for the journal entries. The goal is to properly record the financial effects of these common transactions and ensure the accounting equation remains balanced.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    51 views1 page

    Dipendra Giri B2 (Smile Please) : Cash A/c....... Dr. To Bad Debts Recovered A/c

    Uploaded by

    Dipendra Giri
    This document outlines various types of transactions and their corresponding journal entries. It includes transactions such as goods being stolen or destroyed by fire, bad debts, depreciation, discounts, and profit/loss on asset sales. For each transaction type, it lists the affected accounts and provides a brief narration for the journal entries. The goal is to properly record the financial effects of these common transactions and ensure the accounting equation remains balanced.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    Types of Transaction Effects on Transaction Journal Entries Narration

    The goods stolen Lost by theft a/c & Lost by theft a/c......Dr. Being goods costing
    Purchase a/c To purchase a/c Rs...........stolen
    Goods destroyed by fire
    * If the goods are not Lost by fire a/c & Purchase Lost by fire a/c........Dr. Being goods costing
    insured a/c To purchase a/c Rs.....destroyed by fire

    *If the are insured & Cash a/c , Loss by fire a/c Cash a/c........Dr. Being goods costing
    Insured Company paid & Purchase a/c Loss by fire a/c......Dr. Rs.....destroyed by fire and
    proportinate claim in Cash To Purchase a/c claim of Rs....... accepted
    by the insurance company
    Bad debts ( debtor Bad debts a/c & Debtors Bad debts a/c......Dr. Being amount of bad debts
    becoming insolvent) a/c To debtors a/c written off
    Bad debts ( An amount Cash a/c, Bad debts a/c & Cash a/c.........Dr. Being amount of Bad debts
    due from a debtor may Debtors a/c Bad debts a/c....Dr. written
    become irrecoverable To debtor a/c off............recovered
    partially
    Bad debts recovered Cash a/c & Bad Debts Cash a/c.......Dr. Being cash received from
    recovered a/c To Bad debts the bad debts written off
    recovered a/c previously
    The payment/ receiption Name of person & org. & Name of person & org. a/c...Dr Being..... on behalf of
    on behalf of customer Cash a/c To Cash a/c Name of/ Organization
    /supplier
    Depreciation charge on Depreciation a/c & Fixed Depreciation a/c.....Dr. Being depreciation is
    Cash a/c To fixed assets a/c charged on fixed assets
    Trade discount Person/Org a/c & Sales a/c Person/Org a/c.....Dr. Being goods sold.......at
    To Sales a/c Trade discount
    Cash discount (full Cash a/c, Discount allowed Cash a/c..........Dr. Beind cash ...........allowing
    settlement) a/c & Person/Org a/c Discount a/c......Dr. discount
    To person/Org a/c
    Appreciation on fixed Fixed assets & Fixed assets a/c.......Dr. Being appreciation of land
    assets Appreciation a/c To appreciation {By
    (given)Percentage .........
    The case of profit or loss
    on sale of Assets
    *In case of loss Cash a/c & Loss sale of Cash a/c.......Dr. Being sale of asset on loss
    asset on loss To Loss.....on loss
    Being sale of aaset on
    *In case of profit Cash a/c ,Asset a/c & Cash a/c......Dr. Profit
    profit on sale of asset To Asset a/c
    To profit on.....asset
    Outstanding Expenses Expenses a/c & Expenses a/c......Dr. Being Outatnding........
    Outstanding a/c To Outstanding a/c
    Income accurued Accrued ....a/c & Accrued....a/c......Dr. Being.......but not received
    ....Received a/c To......Received a/c
    Interest on Capital Interest on Capital & Capital Interest on capital a/c....Dr. Being interest allowed to
    a/c To capital a/c Capital

    Dipendra Giri B2 (Smile please)

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