journal

Journal

A Journal is a day book kept in the business where in the complete history of transactions of accounting nature including debit and credit aspect is shown.

From the following transactions find out the nature of account.

1. Commission paid

By, Commission a/c Dr.                Nominal
                          To, Cash a/c                                     Real
[ Being paid commission]

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2. Furniture sold

By, Cash a/c Dr                            Real
                  To, Furniture                                Real
[Being furniture sold in cash]

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3. Received Cash from Anil

By, Cash a/c Dr                             Real
                 To, Anil a/c                                Personal
[ Being cash received from Anil]
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4. Drawing by Sanju

By, Drawing a/c Dr                       Personal
                   To, cash a/c                                  Real
[Being withdrawn by sanju]

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5. Took a Bank Loan

By, Cash a/c Dr                     Real
               To, Bank Loan a/c               Personal
[ Being take a bank loan ]
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