Research for Book Keeping

BOOK KEEPING

• Book keeping is all about business transaction. • Accounting not just includes book keeping but interpreting the records of business transaction. • Booking and Accounting allows a person to know whether there is profit made in a business transaction or losses made. • All transaction is kept in ledger. • In ledger, there are a lot of accounts. • For all the accounts, there is title. Etc. Cash Account, Mr. Tan’s Account or ABC Account. • If the account is related to bank, then it will be name Bank Account.

CASH TRANSACTION

|XXX Account |
|Debit Side |Credit Side |
|Date |Particulars |Amount |Date |Particulars |Amount |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |

• It is a standard procedure. • They won’t change sides. • Debit is always on the left side. • Credit is always on the right side

Dr = Debit
Cr = Credit

Two easier account to do = Cash Account & Bank