💎 RECORDING CHANGES IN FINANCIAL POSITION [PART : 2] 💎
ALL ABOUT ACCOUNTING : 39th BLOG 💎 💎 ACCOUNTING💎💎 ★ Accounting exercise and practices : Lesson : 3 [Part : 2] Hi friends 🙏 Today's discuss remaining part of recording changes in financial position..... So let's discuss .... ♤ RECORDING CHANGES IN FINANCIAL POSITION : * Indicates, with a check mark ☑️ how the following would be recorded : Transactions Debit Credit Increase in cash ☑️ Income ☑️ Decrease in cash ☑️ Expenses incurred ☑️ * Ge neral format of journal vouchers: Doc.no. : Date : Discretion of transactions Debit or Credit Total. : Lets create a journal vouchers [ JV ] of ABC ENTERPRISE against this transactions :- 1. A goods sale of Rs .50,000 to Mr. Shyam on 06-07-2020. 2. A goods purchase of Rs. 30,000 from Mr. Ram on 06-07-2020. 3. Receivable interest from Mr. X is Rs. 50,000 on 06-07-2020 4. Interest earned on sbi bank