Smart Work
Cash debit
purchase credit
cash purchase made
Cash debit
Bank Credit
Cash withdrawn from Bank for office use
Started Business with cash
Cash debit
Capital Credit
Salary Paid to Metha thru credit transfer
salary debit
Bank credit
Cash received from Mrithula, a credit customer
Cash debit
Mrithula Credit
Goods purchased on credit from Sree
Purchase debit
Sree credit
Pavithra Debit
Sales Credit
Goods sold on credit to Pavithra
Bank Debit
Cash Credit
Cash deposited into Bank
Furniture purchased from Lal Furniture Mart for cash
Furniture debit
cash credit
Goods taken for personal use
Drawings debit
Purchase credit
Syed brought his personal motor vehicle into business for office use
Motor vehicle debit
Capital Credit
Cash withdrawn for personal use
Drawing debit
Cash credit
Geetha debit
Purchase Return credit
Goods returned to Geetha, a supplier
Bank charges
Bank charges debit
Bank Credit
Bank loan Repaid
Bank Loan debit
Bank Credit
Moni, a credit customer, became a bankrupt and her debt was written off
Irrecoverable debts debit
Moni credit
Nandhitha, a credit customer, returned goods
Sales Return debit
Nandhitha credit
Rent debit
Bank Credit
Rent paid by cheque
Bank Debit
Machinery Credit
Machinery sold and payment made thru Bank
Cash received from Fathima $450 after allowing discount of $50
Cash debit 450
Discount allowed debit 50
Fathima 500
Depreciation charged for the year end...
Statement of P&L Debit
Provision for Depreciation Credit
Increase in allowance for irrecoverable debt
Statement of P&L Debit
Allowance for irrecoverable debt Credit
Pragathi Debit
Cash Credit
Discount received Credit
Cash paid to Pragathi after getting cash discount
Prepaid Insurance
Prepaid insurance debit
Insurance Credit
Accrued Interest
Accrued Interest Debit
Interest Credit