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How to Make Journal Entries Without Learning Any Rule in Hindi by JOLLY Coaching?
Introduction
Journal entries are important in accounting as they help in maintaining accurate records of financial transactions. However, some people find it difficult to understand the rules and principles of making journal entries. In this article, we will explain how to make journal entries without learning any rule in Hindi by JOLLY Coaching.
Steps to Make Journal Entries
Here are the steps to follow in order to make journal entries without learning any rule in Hindi by JOLLY Coaching:
Step 1: Understand the Transaction
The first step in making a journal entry is to understand the transaction that has taken place. You need to identify the accounts that are affected by the transaction.
Step 2: Identify the Accounts
Once you have understood the transaction, you need to identify the accounts that are affected by it. You need to determine which accounts are debited and which are credited.
Step 3: Determine the Amount
After identifying the accounts, you need to determine the amount that will be debited and credited to each account.
Step 4: Make the Entry
Once you have determined the accounts and the amount, you can make the journal entry. You need to write the date of the transaction, the accounts that are debited and credited, and the amount debited and credited.
Step 5: Post the Entry
After making the journal entry, you need to post it to the respective ledger accounts.
Conclusion
In conclusion, making journal entries is an important part of accounting. By following the steps mentioned above, you can make journal entries without learning any rule in Hindi by JOLLY Coaching. It is important to understand the transaction, identify the accounts, determine the amount, make the entry, and post it to the respective ledger accounts.