📘 What is a Journal Entry?

Journal Entry accounting ka sabse pehla step hota hai jisme business ke har transaction ko date-wise record kiya jata hai.

📌 Definition:

Journal ek aisi book hai jisme business ke sabhi daily transactions ko systematically likha jata hai using rules of debit and credit.

Is process ko journalising kehte hain.

✍️ Journal Entry ka Format:

Date	Particulars	L.F.	Debit (₹)	Credit (₹)
01/04/2024	Cash A/c Dr.		10,000
	To Capital A/c			10,000
	(Being capital invested in business)

Key Components of a Journal Entry

1. Date – When the transaction occurred.

2. Accounts Involved – The affected accounts (e.g., Cash, Sales, Expenses).

3. Debit & Credit Amounts – The value assigned to each account.

4. Description – A brief explanation of the transaction.

⚖️ Double Entry System ke Rules yaad rakhne ke liye:

1. Personal Account → Debit the receiver, Credit the giver

2. Real Account → Debit what comes in, Credit what goes out

3. Nominal Account → Debit all expenses/losses, Credit all incomes/gains

🔍 Example:

Transaction: Ram started business with ₹1,00,000

• Cash is coming in → Real Account → Debit

• Ram is a giver → Personal Account → Credit

Journal Entry:

Cash A/c Dr.         1,00,000 
   To Ram’s Capital A/c     1,00,000 
(Being capital introduced by Ram)