Journal entry library | M H Consultancy

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These are illustrative posting patterns. Debit and credit amounts must balance. Use the applicable recognition policy, tax treatment and supporting records; these entries do not post to your accounts.

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Sales & purchasesCredit sale

Sales & purchasesCredit purchase

Sales & purchasesCustomer advance

Sales & purchasesSupplier advance

Period-end adjustmentsOutstanding expense

Period-end adjustmentsPrepaid expense adjustment

Period-end adjustmentsAccrued income

Period-end adjustmentsBad debt write-off

Partners & financePartner capital introduced

Partners & financePartner drawings

Partners & financePartner remuneration

Partners & financeInterest credited to partner

Partners & financeLoan received

Partners & financeLoan EMI paid

AssetsFixed asset purchased

AssetsBook depreciation

Tax controlsGST cash deposit and liability settlement

Tax controlsExpense booked with TDS

Tax controlsTDS deposited

Period-end adjustmentsExport incentive receivable

Period-end adjustmentsInsurance claim receivable

Sales & purchasesCredit note issued to customer

Sales & purchasesPurchase return: supplier credit note

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