01 March 2012
in Posting why in journal entries debit side goes credit side in ledger posting For Exp.Fixed Assets Dr. to Bank A/c (Fixed Assets Purchased By Bank) How to prepare ledger explain in deeply &why
Entry does not go to opposite side. See the ledger account will be as under:
Fixed Assets Account (Ledger A/c ) ----------------------- To Bank Dr 20,000 (entry has been posted in debit side as per journal entry but the referral head is of credit side only. Bank Account (Ledger A/c) -------------- By Fixed Assets Cr. 20,000
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