Journal Entries Examples
If you do not know about journal Entries, then kindly read the article about Accounting Journal Entries so that you may better understand this topic and know how to write a journal entry. It must be very important that when we pass the journal entry always record the entry from the point of business and not from the point of view of owner. In other words we must follow the Business Entity Concept. Below are the Bookkeeping Journal Entries Examples and these are passed according to Double Entry Bookkeeping . These are given below: 1. When Cash for Rs.60000 is invested into the company businesses, then the following Entry is passed: Cash a/c 60000 Capital a/c 60000 2. When Cash is withdrawn from the business for Rs.3000. Drawings a/c 3000 Cash a/c...