General Journal Assets —11f Provide ~ 7#qaTe eat Liabilities — 91 Service - ot Capital — yer Revenue ~ 370 Cash — a4 Bre Expense — *5 Equipment — wif/>rerarti Borrow ~ «4 21/4 aq Furniture — sree Collect — 7a = Land — wf Customer ~ ftw /O7at at 5 sre aA Owner ~ xr Previously/before — "4 Equity — sera Advertisement — Fes Owner's Equity — rarer 4y Render — faire er 21 Insurance — ft \ds/Product — #50 Interest — 37 Invest — fea at Purchase ~ wu at Investment ~ fafrcart Purchased — wx a1 axce/sito Inventory — state we “55 Sales ~ fearu at Receivable - Receivetable — ares ara Bye 7 Sold ~ fitarn rat ecace, fafa Payable ~ Pay + able — fica ara Bons Earn — a/ Berea eat Received — stest at xrace/ fee Eamed — sa /Sreh ar zerce/ Sones Pay — faces =a Unearned — Un (at) + Earned (So1fefe) Paid — cere areca crce/afacitirs Account Receivable (A/R) ~ 77TAts fst Prepaid ~ Pre (*f4) + Paid (ficsfiro) Account Payable (A/P) ~ senTara fara Due/Accrued — acer In advance — Sf Rent — erg Depreciation — S>¥/3FTE7% Drawings - Beart Accumulated — %e/aeo Return — Grae CRG In Cash/On cash/For cash — 714 Supplies — fret war On Account/On Credit ~ afeco/«ra Salary — rer i Accrued/Outstanding — = Expired — Tara G8 Bad debt — #4¥4/SaTHTa rat Several Important Rules 21 Prepaid Expense et 77 |=» Prepaid Expense at" Fr Toy we CHT =| >i Prepaid Income Oren HF i ———* Prepaid Income “Igce #HH Uy WH CHET eH 1 Accrued Expense @T 71H |=» Accrued Expense $1904 7 40g BIH GEG BI ‘71 Accrued Income et 74% | ===» Accrued Income ager 317 a10y we CHART BT | 71 Receivable A 7°17 | FH ASA/AMAT wc CATT carota BH ROA TH RH | 341 Payable OM AM | fag CHaT/ He MTC Gor Cormier Fa FTCA SMT BA Capital yer PTR ATT —— Ms | says epe 2 RO A area Fog arcara a1 Facencata CA MGA aren fag ears Frere teeta see Breer corel @efoTat PCa aT career are ** Brera BS aT eoey is)NN Important Titles Re re = re, ree sar af Gre (ICE TEN) MH ATA BEA GH Te Gara aT aTCY wre ST Credit We Ss arm = oH, ee aya af rN war eH A Wem wfaoTT Be Me MOAT ATS Gea BI FH RITA Debit A CHM SH = FHF, ode ara Uhh ACHTT ANH ICR Bes cera a EAT STR AT FHM ATGICT LR Debit LA! rm, dhe army oer ecm fn asc ed acne a eat ara Le TTA AIH IE AA Credit RIS | acon ara = CPU COR = HTH (GABE), CoE CHER aT a wT aco Cam HTN TCA OTCAATES AS | GN OTT = HTH (CIA), SIGTE CACRE ara aes wR sar orp FH (ATTA TETHTES Bre | esr fer = er (CBIR), Fe wre THT wat UA aN I TCR TANTS RT TH Wee IH = Te (CABO), are we cer Te, Fam ae Wer IE BLT BTU AT ACH eT ATE SUAS Cat we = HTT (RED), COTTAT Heaca CAT TE Gene LAT he white fee BT ATE ATS acarar Farce 3H = mem (COPA) , FAFA mEN Wem I TT ATCA OT TL, CH TH AMT MTC FHF Le STO fear = ae (uPA) , Fer ek ae Fag Fray afin rah ere wre NR rac OR FH PROTA GICTATES Te es ers a} pT = HTH (CED), er ap TGT ce TE, ORE TN wir Fact wT ATH ATS | MES CaPSAAE = wr (ED), CAPSAAS ern wre, FR ar Gene erm Me wats Facer ST TH ATH SLATES eT j, SPM NS ATA HH = He (CULT), aw SAT LH CH TAT AIT TT, HET ACSA TST OH LS wm Berea Br = HHH (COAG), Beer EM CH IH eTSAT UIA OT TL, AR A ATOM TE HT Ue YS ee nwene 4 i eee rer fic a yoo ter efca oor a am Gy en crt goo Drm ss fara = aces Bra feat (oft aw tae) = HET = CORRE 86 AO = Brat ernest ert = wn = aT [etcra Fiore - (CSi95)- a00 Fad a8 01 — (GBFRE) - 00 Brat Se me mC Te CAC MSA 000 Brera MARTE 4,200 Brel HT CT eR BIE GATT ZH oO BT) tr 101 = Brat stoma oft grt = aya = oo xr fore = Tce Dre car (of se a = RED = 4B ABT ~ (CEFRB) - Goo BraT ‘ary fiera - (GHEE) - coo Bre Boars fers: >. afebrcra ate aI © 000 Bret Brera sate - Boars feAd — (BAD) — 0 000 Tre : (ores a Bre CH TH) [ae festa - (GafEB) - © 000 Bra 2. affabrca are 8,000 Brera sey Beare aa - ara = a ee or sell ea fiers - (GASB) - 8 000 Brat sear ford : >. Prascus Some aff PH 20,000 BISA SPT WI Fat ST SHIT - [Gea fire — (GSIRD) — 30000 Br MATH - (GBB) - y0,000 Brest 2, feccn Bomce ai CFA BIET ATTA 000 Dror [aan fina ~ (GRD) 9 000 Brat ‘wD ae OT a TRA ares cara — (cas6B) - 2, Faas Semce Hft caE ESA ATTEN & ooo Dre [ara fea = (GRD) - & 000 Ter | SPAT a aT EU STR ~ vans fers — RSP) - & 000 TTParticular Accounts, Their Nature and Normal B: Name of Accounts Nature of Accounts _ | Normal Balance re ATM GAA /ATTECS AMI GIAT) | Current Assets Debit Current Assets [| __ Debit Current Assets Debit Current Assets | Debit Current Assets Debit [Current Assets Debit Current Assets | __Debit Current Assets Debit Current Assets Debit Current Assets | Debit "Fixed Assets Debit Buildings (werecebt) ~ Fixed Assets __ Fixed Asset “Fined Assets Leasehold Property (erat >") __ Fixed Asset Motor cars / Delivery van (364 *nfg/aaeare 81) Fixed Asset Furniture (SP) Fixed Assets Machinery (aeife) 18 | Patents (Face sitar) Intangible Assets 19 | Goodwill Gr) = A [__Intangible Assets 20 | Copyright (amrg) _ [Intangible Assets 21 | Preliminary Expenses (afi #5) ‘ Fictitious A: 22 | Organization Cost (Raa 225) Fictitious As: Nature of Accounts 1 | Notes Payable (07# Te) Liabilities 2_| Accounts Payable (#074 fei") Liabilities 3_| Unearned Revenue (S185 511) z 4 | Short-term Payable (wacarter *ftc**s) ee 'S_| Mortgage Payable (#w@ aera) [ i 6 | Bond Interest Payable (@ea 3 C74) E Liabilities 7 _| Dividend Payable (sera rere) __ Liabilities 8 | Income tax withheld (srr Efe) Liabilities 9 | Salaries Payable (et 07%) ili Credit Ss ‘Voucher Payable (Sitor #07) l Liabilities Credit Name of Accounts Owner's Equity [Nature of Accounts _ | Normal Balan: Capital (jer) cee a Liabilities Cred Income Statement (Sra a4) ees orrarca Liabilities Additional Capital (ofEtE® ¥re") orca Liabilitie | | Capital Stock (cma et) Liabilities | Common Stock (aretast Cra) Liabilities | Preferred Stock (Sifters curt) carta cmt Liabilities 2|alalels|e|e|—|e Retained Earnings (7eaf"e Sia) Liabilities Donated Capital ( ee) LiabilitiesName of Accounts Nature of Accounts _| Normal Ba Sales (Feat) Income | Credit Commission Income/Revenue (®Ra wee) | Dice naam Credit! Interest Income (2 S78) [Income eC} Bond Interest Income COT aT WW en) 1 Tocome [retin] Gain of Sale of Assets (8 far ere wre) Income | Credit Service Revenue (Ca s74/aTe) | Income Credit {s. Name of Accounts Nature of Accounts | Normal Balance [1 | Cost of goods sold (aeqe stare ax) Expense Debit 2 | Purchase (@e) _ Te sa Expense Debit 3. | Freight tn (aces wor fives way [Expense [eb 4 rat use (Raa Er [See ERess Debit 5_| Salary Expense (24%) e | Expense Debit 6 | Wage Expense WS) esa ec ~ Expense [ Debit _ 7 | Rent Expense (Sg 5) ae Expense I Debit 8 | Depreciation Expense (S#be %a5) le Expense | Debit | 9 | Insurance Expense (Fo ¥25) =e Expense [Debit 10 | Utilities Expense (x « sf <5) | Expense Debit 11] Supplies Expense (sitet) SSC*” Expense Debit 12 | General Expense (re4 <5) [Expense _—Detbit 13 | Interest Expense (4 #144 #5) z pense Debit 14 | Advert yense (Rene 45) Ex [ Debit 15 | Depletion Expense (sacri 45) | __Expense i Debit General Journals 1. Mr, Anzum Shahed starts business with cash/ furniture/ inventory/ supplies/Machineri 2 OWT 02/0719 | Supplies! Equipment/Furiture/Machineries Cash He purchased supplies/equipment/furniture/machineries in eash/on cash/for cash. He purchased supplies/equipment/furniture/machineries on credition account. Mr. Anzum Shahed sold supplies/equipment/furniture/machineries in cash/on cash/for cash He sold supplies/equipment/furniture/machineries on eredit/on account. Paid advance (Prepaid) for Insurance/Rent/any types of Expenses. Paid any types of Expenses. Any types of Expenses if Payable/Due/Unpaid. Service rendered in cash/on cashi/for cash. 0. Service rendered on credit/on account. ‘Accounting Titles and Explanation [Ret Debit (Tk) | Credit (Tk) ‘Cash/Furniture/Inventory/Supplies/Machineries 04/07/19 | Cash 05/07/19 06/07/19 0707/19 | 08/07/19 ‘Supplies/Equipment/Fumiture/Machineries ‘Accounts Payable ‘Supplies/ Equipment/Fumiture/Machineries Ne ‘Accounts Receivable ‘Supplies/ Equipment/Furiture/Machineries 7 Prepaid =— Cash Expenses | Cash | 5 xpenses Service Revenue T0079 | Accounts Receivable Service Revenueeen rt een TAT A EC MT | EH aie arearcea AA One = RC AB cms HACE MS | GOB CT ort Sta LAT ere erm re re ATARI | ER STAT, at eM eT TI ec en a5) eT TTC FN MLD EA IE CATA A | ca aca OAT Ree cram Co efrmecers, re 6 TEN, aoate WN RCC APY es en en (nf MOTTE), SA, ee CS som, Reva es (arrteen, cant Teer Re), TT SOA, T/C EE rove Bor F ROME a er TS Ca ib een Ire RCH fre Rb | RB TT AF coin ae ae wees TS “are Se, wets c ceercon orm ar caer, Reta, CHEM a CCNA eet TT ca ce RS eT Free Meeerm cuore we rer te ros coh Aeregs TTS | TARTS OTAETE TTS TS cof ore cod a EE Carer ea refer ered Re = BRE ACTEM Tr AE we Be OF TA Ta oes eA s Se mmr ere re cr goers ch os ha | TE HAC AP @ GREE ew 1 at Sita one BEA coh ore et Fe AH HM RAT TN TE eM ATE @ CF crc of HHL RT S| fT RHA RL fore ater: ‘Assets (A) = Liabilities (L) + Owner's Equity (O/E) Or, A=L+O/E flora teresa weTOy eT, eT = a + AAG rarer ag 8 B Ser sf - >. afore Hey (Owner's Capital) 3. aT a TH (Revenues) ‘©. “a (Expenses) 8, afftcen Beara (Owner's Drawing) em Cr TE TH AM Re TCI Fh WG NT TE WE a ATES ato ant wT ‘Assets (A) = Liabilities (L) + Capital (C) + Revenue (R) ~ Expenses (E)-Dr Or, A=L+C+R-E-D rawing (D) fra aleacsa Bare 6 efferan : 9. FPA (Assets) = 11H WS HART HAT EH HLH TRICHY ee TE TET wate ae at rere HERR ga | OH (@) aw42m (Physical/Tangible Assets) Cash, Land, Building, Equipment, Supplies (4) seen 2r (Intangible Assets) : Goodwill, Patents, Deffered Charges ete (ep etre ates Dra era wars : Accounts Receivable, Notes Receivable, Advance to employees, Debit balance in account's payable (9) efter ora sects sf : Prepaid Insurance, Unexpired rates («) sinfi/em/gfex 7m (Fictitious/Artficial Assets): Preliminary Expenses or Org debenture, underwriting commission, Share discount, Debit balance of profit and loss account ets (Liabilities) «ob arcs rt ora weer, oN aC Re eH cea WHER TE er | cs RG STE (Accounts Payable), #4°e, com Fen, awd ex Roti ore ort - obese SCTE oe I CAR A | EH arn = aftr offre a + RC Ht Total Equities = Outsider’s Equity + Owner's Equity co, affrerar 1g (Owner's Equity) «crema serene ft aire Ty xe | RENT ora ater ng 8 B Boros ate - Inventories, Motor cars etc ization cost, Discount on