Ledger accounts basics

Yes it may be cash or bank

Sugam SM

CA Final

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26-Apr-22 14:09

Bro are you really CA inter student?

Sugam SM

CA Final

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26-Apr-22 14:02

ð??? yes friend ...just I want a answer from my friends

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MPR Sanjay Kumar

CA Inter

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26-Apr-22 14:03

No don't get offended just asking.

Sugam SM

CA Final

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26-Apr-22 14:03

So basically To and By depend on nature of account whether it is income account or expense account

Sugam SM

CA Final

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26-Apr-22 14:04

Yes.....it depends upon the nature of accounts transactions..thanks

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MPR Sanjay Kumar

CA Inter

★ 530

26-Apr-22 14:05

First journal entry suppose when we receive money on rent. Cash a/c Dr To Rent income account

Sugam SM

CA Final

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26-Apr-22 14:05

So this is how ledger is prepared

Sugam SM

CA Final

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26-Apr-22 14:07

If rent is paid means To , if a rent is received means By ...IAM I correct

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MPR Sanjay Kumar

CA Inter

★ 530

26-Apr-22 14:08

Whatever is coming in like in real account cash it is written By cash. Or asset is increasing Like we write By machinery

Sugam SM

CA Final

★ 9K+

26-Apr-22 14:08

Thanks friend

Thread Starter

MPR Sanjay Kumar

CA Inter

★ 530

26-Apr-22 14:10