Class 11 Accountancy: 10 Must-Know Journal Entries
Journal Entry is one of the basic and most scoring areas of Class 11 Accountancy. If you understand why an account is debited or credited, solving most questions becomes much easier. Here are 10 common journal entries that students should practise regularly for school and board examinations.
Entry ko ratne ke bajay pehle identify karein ki transaction me kaunsa account increase ya decrease ho raha hai.
Accounting ke Golden Rules
| Account Category | Golden Rule |
|---|---|
| Personal Account | Debit the Receiver, Credit the Giver |
| Real Account | Debit What Comes In, Credit What Goes Out |
| Nominal Account | Debit Expenses & Losses, Credit Incomes & Gains |
1. Business Commenced with Cash
A business is started with ₹1,50,000 in cash.
Journal Entry
| Particulars | Debit (₹) | Credit (₹) |
|---|---|---|
| Cash A/c Dr. | 1,50,000 | - |
| To Capital A/c | - | 1,50,000 |
Why? Cash is coming into the business, while the owner's capital increases.
2. Purchase of Goods for Cash
Goods worth ₹25,000 are purchased by paying cash.
| Particulars | Debit (₹) | Credit (₹) |
|---|---|---|
| Purchases A/c Dr. | 25,000 | - |
| To Cash A/c | - | 25,000 |
Why? Purchases are recorded on the debit side and cash paid is credited.
3. Purchase of Goods on Credit
Goods worth ₹30,000 are purchased from Ram on credit.
Purchases A/c Dr. ₹30,000
To Ram A/c ₹30,000
Explanation: Goods are purchased, so Purchases A/c is debited. Ram becomes a creditor, so his account is credited.
4. Cash Sales of Goods
Cash A/c Dr.
To Sales A/c
Explanation: Cash is received from the sale, therefore Cash A/c is debited and Sales A/c is credited.
5. Credit Sale to a Customer
Goods are sold to Shyam on credit for ₹18,000.
Shyam A/c Dr. ₹18,000
To Sales A/c ₹18,000
Explanation: Shyam becomes a debtor because the amount is yet to be received from him.
6. Payment of Salary
Salary A/c Dr.
To Cash A/c
Explanation: Salary is an expense for the business, so Salary A/c is debited and cash paid is credited.
7. Rent Paid in Cash
Office rent of ₹12,000 is paid in cash.
Rent A/c Dr. ₹12,000
To Cash A/c ₹12,000
Explanation: Rent is a business expense, therefore it is debited.
8. Furniture Bought for Business
Furniture A/c Dr.
To Cash A/c
Explanation: Furniture is a business asset. Since the asset comes into the business, Furniture A/c is debited.
9. Money Deposited into Bank
Bank A/c Dr.
To Cash A/c
Explanation: Cash is transferred from the business cash balance into the bank account.
10. Cash Withdrawn from Bank
₹8,000 is withdrawn from the bank for office requirements.
Cash A/c Dr. ₹8,000
To Bank A/c ₹8,000
Explanation: Cash comes into the business from the bank, so Cash A/c is debited and Bank A/c is credited.
📖 Quick Revision Tip
Journal Entries ko strong banane ke liye daily kuch transactions solve karein. Har question me pehle accounts identify karein, phir unka type check karein aur finally Debit-Credit rule apply karein. Regular practice se Journal Entries fast aur accurate ho jayengi.