Answer / nareshkumar

journal means any transaction in the business it will be
entered in the a/c
any purchases comes under dr
any person receiving money or goods that comes under dr

any sales comes under cr
any person giving money or dooods that comes under cr

Answer / mr.eezy

from the following transactions prepare journal entries:

1- mr.mohammed started a business , with capital 200,000
2- deposited cash into bank 150,000
3- sold goods to mr.rajue 12,500 (on credit)
4- sold good to mr.sirah 11,000
5- purchased goods for cash 5,000
6- rent paid 5,000
7- paid advertisment expenses 2800
End__

my Question

how to know the name of a/c?

also oventuran ?

i cant understand Dr and cr i need exsamples for each one

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