Some Examples of Journal Entries

Journal Entries in the books of………………..

Date Particulars PR Dr. Amount Cr. Amount

[1] Starting of business:

Cash, Bank or any assets A/C…….Dr. xxxxx
To Capital A/C xxxxx
(To record business started with…..)

[2] Purchase of goods or assets on cash or Cheque:

Assets or Purchase A/C…………..Dr. xxxxx
To Cash or Bank A/C xxxxx
(To record cash purchase of……..)

[3] Purchase of goods or assets on credit:

Assets or Purchase A/C…………..Dr. xxxxx
To Creditors or Account Payable A/C xxxxx
(To record credit purchase of……..)

[4] Sales of goods or assets on cash or Cheque:

Cash or Bank A/C……………….Dr. xxxxx
To Assets or Sales A/C xxxxx
(To record cash sales of ………..)

[5] Sales of goods or assets on credit:

Debtors or Account Receivable A/C …..….Dr. xxxxx
To Assets or Sales A/C xxxxx
(To record credit sales of ………..)

[6] Return inward or Sales return:

Sales return A/C ………….Dr. xxxxx
To Debtors or Account Receivable A/C xxxxx
(To record goods returned from………)

[7] Return outward or Purchase return:

Creditors or Account Payable A/C…….Dr. xxxxx
To Purchase return A/C xxxxx
(To record goods returned to ……..)

[8] Payment for office expenses:

Expenses A/C……………………Dr. xxxxx
To Cash or Bank A/C xxxxx
(To record payment of …………..)
[9] Receiving incomes:
Cash or Bank A/C……………..Dr. xxxxx
To Income A/C xxxxx
(Being record receipt of……….)

[10] Outstanding or Accrued expenses:

Expenses A/C……………….Dr. xxxxx
To Expenses payable A/C xxxxx
(To record ………….payable)

[11] Prepaid expenses or Expenses paid in advance:

Prepaid expenses A/C………….Dr. xxxxx
To Cash A/C xxxxx
(To record ………..paid in advance)

[12] Prepaid expenses expired:

Expenses A/C……………Dr. xxxxx
To Prepaid expenses A/C xxxxx
(To record prepaid………..expired)

[13] Deposited into bank:

Bank A/C…………Dr. xxxxx
To Cash A/C xxxxx
(To record cash deposited into bank)

[14] Withdraw from bank for office use:

Cash A/C………………..Dr. xxxxx
To Bank A/c xxxxx
(To record withdraw from bank for office use)

[15] Withdraw from bank for personal use:

Drawing A/C……………Dr. xxxxx
To Bank A/C xxxxx
(To record withdraw from bank for personal use)
Date Particulars PR Dr. Amount Cr. Amount

[16] Cash paid to creditors with discount received:

Creditors/Account Payable A/C…….Dr. xxxxx
To Cash A/C xxxxx
To Discount A/C xxxxx
(To record cash payment and discount received)

[17] Cash received from debtors and discount allowed:

Cash A/C……………………………..Dr. xxxxx
Discount A/C………………………...Dr. xxxxx
To Debtors/Account receivable A/C xxxxx
(To record cash receipt and discount allowed)

[18] Expenses incurred for personal use of proprietor:

Drawing A/C………………………..Dr. xxxxx
To Cash A/C xxxxx
(To record the personal expenses of owner)

[19] Sales of Assets on gain:

Cash A/C…………………………….Dr. xxxxx
To Assets A/C xxxxx
To Gain on sales of assets A/C xxxxx
(To record sales of assets on gain)

[20] Sales of Assets on loss:

Cash A/C……………………………Dr. xxxxx
Loss on sales of assets A/C……...…Dr. xxxxx
To Assets A/C xxxxx
(To record sales of assets on loss)

[21] Exchange of Assets:

Assets A/C (New)………………….Dr. xxxxx
To Assets A/C(Old) xxxxx
(To record the exchange of old……with new….)

[22] Depreciation on assets:

Depreciation A/C…………………..Dr. xxxxx
To Assets A/C xxxxx
(To record depreciation charged on….)
[23] Appreciation on Land and building:
Land and building A/C…………..Dr. xxxxx
To Appreciation A/c xxxxx
(To record appreciation on land and building)
[24] Bad debt written off:
Bad debt A/C……………………….Dr. xxxxx
To Debtors / Account receivable A/C xxxxx
(To record bad debt written off)

[25] Bad debt recovered:

Cash A/C……………………………..Dr. xxxxx
To Bad debt recovered A/C xxxxx
(To record bad debt recovered)

[26] Distribution of free sample:

Advertisement A/C……………………Dr. xxxxx
To Purchase A/C xxxxx
(To record distribution of free sample)

[27] Goods lost due to accident:

Insurance Company A/C………………..Dr. xxxxx
Loss by……………A/C………………..Dr. xxxxx
To Purchase A/C xxxxx
(To record goods lost by………)

[28] Loan taken:

Cash A/C………………..Dr. xxxxx
To Loan A/C xxxxx
(To record loan taken from………)
[29] Payment of loan:
Loan A/C……………………..Dr. xxxxx
To Cash A/C xxxxx
(To record payment of loan)
[30] Accrued income / income receivable:
Income receivable A/C…………Dr. xxxxx
To Income A/C xxxxx
(To record…………….Receivable)
[31] Advance income received / Unearned income:
Cash A/C…………………….Dr. xxxxxx
To Advance / Unearned income A/C xxxxx
(To record advance ………….received)

[32] Advance income earned / unearned income

earned:
xxxxx
Advance income / Unearned income A/C……Dr.
 To Income A/C xxxxx
(To record advance income earned)

[33] Interest on capital:

Interest on capital A/C…………………Dr. xxxxx
To Capital A.C xxxxx
(To record interest charged on capital)

[34] Interest on drawing:

Drawing A/C…………………………Dr. xxxxx
To Interest on drawing A/C xxxxx
(To record interest charged on drawing)