Escolar Documentos
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from suppliers.
Sales:
Purchase
Return
Invoice:
or
Rejection
in
or
Outward
Sales return
means the return of the full or a part of the goods sold by the customer to
the businessman.
Assets: Assets are the things and properties possessed by a
businessman not for resale but for the use in the business.
Liabilities:
Capital:
person.
Debtors:
businessman.
Creditor:
businessman.
Debit:
Credit:
Cr.
Drawings:
the businessman from his business for his personal, private and
domestic purpose. Drawings may be made in the form cash, goods and
assets of the business.
Receipts:
Journal entries:
Real Account:
& properties. It has physical existence which can be seen & touch.
Ex. Cash, Sale, Purchase, Furniture, Investment etc.
Principles:
Nominal account:
received (expenses and Losses) and services given (income and gain)
Ex. Salary, Rent, Wages, Stationery etc.
Principles:
GOLDEN RULES