Rules of Accounts

 

 

 

Rules of Accounts is known as " Golden Rules " of accounts. Without this rules you not made any journal entry and work with tally.

So , lets Disuces on It ---------

In the Accounting, First Step  maintain all transaction in the books of accounts but you know that first book of accoutns is called journal entry book. In this book all transaction in two side record that called Debit and Credit sides.

Double entry system is very useful for maintain records and easy to learn and understand it. so how to record in double entry system with goldern rules.

Accounts have three type of Accouts No No you think that Saving , Current and FD accounts no students. In the accounts 3 type of accounts is 

1. Personal Accounts (व्यक्तिगत  खाते )

2. Real Accounts (वास्तविक खाते )

3. Nominal Accounts (नाममात्र खाते )

                                                    Personal Accounts 

A personal account is an account for use by an individual for that person's own needs. It is a relative term to differentiate them from those accounts for business or corporate use.A Personal account is a General ledger account connected to all persons like individuals, firms and associations. An example of a Personal Account is a Creditor Account.

                                                          Real Accounts

A Real Account is a general ledger account relating to Assets and Liabilities other than people accounts. These are accounts that don’t close at year-end and are carried forward. An example of a Real Account is a Bank Account. A real account is an account that retains and rolls forward its ending balance at the end of the year.

                                                        Nominal Account

A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest Account. Nominal Accounts are accounts related and associated with losses, expenses, income, or gains. Examples include a purchase account, sales account, salary A/C, commission A/C, etc

 Illustration An entity named Maruti education Hub pvt Ltd. has the following transactions.

1. It deposits Rs.10,000 into Bank
2. It buys goods worth Rs.50,000 from Apple Ltd.
3. It sells goods worth Rs.35,000 to Melon  Ltd.
4. It pays Rs.12,000 as Rent for its premises
5. It earns Rs.3,000 as interest on a bank account.

6. Transaction	Accounts involved	Type of Accounts
   Deposit Rs.10,000 in Bank	Bank Account Cash Account	Real Account – Asset account Real Account – Asset account
   Purchase goods worth Rs.50,000 from Apple Ltd.	Purchase Account Apple Ltd. Account	Nominal Account – Expense account Personal Account – Creditors account
   Sale of goods worth Rs. 35,000 to Melon Ltd.	Sales Account Melon Ltd. Account	Nominal Account -Income Account Personal Account – Debtors Account
   Pays Rs.12,000 as rent	Rent Account Bank Account	Nominal Account Real Account – Asset account
   Earn Rs.3,000 as interest on Bank account	Interest received Bank Account	Nominal Account – Income Account Real Account – Asset Account

    So, Start How to applying Rules in Journal Entries

1. Cash Deposite into bank Rs. 50000

    यहाँ पर ध्यान दीजिये की कौन कौन सी account बन सकता है। 

a .Cash a/c            b. Bank a/c

Rules  Says :- बिज़नेस के खाते में पैसे जमा हुए तो बैलेंस बड़ा यही आने वाली चीज़ है 

Real  A/c का रूल Whats comes Debit 

cash कम हो रहा है तो Credit 

 Entry  now                Bank  a/c ....................................Dr            50000

                                          To, Cash a/c                                                         50000

2. Salary paid to his employee.         Rs 25000/-

    यहाँ पर दो अकाउंट है 1st salary का 2nd  cash का 

क्युकी प्रश्न में सैलरी हम दे रहे है तो ये एक प्रकार का खर्चा है और Rule के अनुसार खर्चा डेबिट होता है। 

और cash जा रहा है तो वो क्रेडिट होगा. आइये entry करते है। 

                 Salary A/c  .................... Dr.         25000

                            To  Cash a/c                                     25000 

अतः आप लोगो को एंट्री करना आ गया होगा ऐसा में आशा करती हु।  कुछ प्रश्न यहाँ पर दे रही हु इसका प्रयोग कीजिये और कुछ भी समस्या आये तो कमेंट्स कीजिये। 

Example -१ 

१. Mohan Started business with cash                          Rs .100000

2. Purchase goods in cash                                           Rs. 5199

3. Sales Goods in cash                                                Rs. 15000

4. Rent paid                                                                Rs. 1450

5. Commission Received                                            Rs. 1540

6. Interest paid                                                             Rs. 150

7. Traveling Expenses paid                                          Rs. 350

8. Discount Received                                                    Rs . 755

9. Tax Paid                                                                    Rs. 785

10. Stationary item purchase                                        Rs 1550

 

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