Debit or Credit k Asool!

Debit or Credit k Asool!

In asoolo se pehlay app ko batata chaloon k Accounting 4 pillars pe khari hay. Jaisy 4 families kon kon se?

1.       Assets

o   Cash in hand

o   Cash at Bank

o   Furniture

o   Office Equipment

o   Plant

o   Machinery

o   Buildings

o   Closing Stock

o   Debtors ( jin ko udhaar pe sale ki jati hay)

o   Receivables (Rent, Commission, Interest)

o   Bills Receivable

o   Purchases (aik kisam ka asset)

o   Vehicles (Cars, Truck, Motor Bike, Bus, Van,)

o   Prepaid expenses

2.       Expenses

o   Salaries

o   Wages

o   Utility Bills ( Gas, Electricity, Telephone, etc)

o   Commission Paid

o   Discount Allowed

o   Depreciation

o   Interest paid

o   Rent paid  

o   Charity

o   Advertisement expense

o    Any Loss ( choori ho gayee ya aag lag gayee)

o   Stationary

o   Carriage

o   Drawings (aik kisam ka expense lakin asal main Capital ki amount kam hoti hay)

o   Freight

o    

3.       Liabilities ( Owner’s Equity bhi aik kisam ki liability hai)

o   Capital

o   Creditors ( jin se udhaar khareeda jata hay)

o   Payables (Tax, rent, Salaries, wages, etc)

o   Bills payable

4.       Income/Revenue

o   Sales

o   Commission received

o   Rent received

o   Interest Received

o    

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Asool Number 1

Her entry main se kam se kam do account dhondanay hain jaisa k

·         Ahmed Started Business with Cash Rs. 100,000/-

·         Or

·         Ahmed Commenced Business with cash Rs 100,000/-

·         Or

·         Ahmed Invested Rs. 100,000/-

In entries main do terha k account hain aik to Cash jo k saaf zahir hay or doosra Capital kion k Ahmed ne new business start kia hay or jab bhi koi new business start kerta hai to wo invest kerta hay or apnay business main apni investment Capital kehlati hay is ko owner’s Equity bhi kehtay hain

Accounts	Families	Increase / Decrease	Debit / Credit
Cash
Capital

Asool Number 2

In dono accounts Cash or Capital ko dekhna or soochna hay k yeh oper batay gayee 4 main se kis family se taluq rukhtay hain

1.       Asset

2.       Expense

3.       Liability

4.       Income/Revenue

To hum ne dekha k Cash Assets ka hisa hay or Capital Libility se taluq rukhta hay

Accounts	Families	Increase / Decrease	Debit / Credit
Cash	Assets
Capital	Liability

Asool Number 3

Ab sab se ziada yaad rekhnay wali baat

Pehly dono families yani k Asset and Expense main jab bhi Izafa ho ga to wo Debit hoon gi

Pehly dono families yani k Asset and Expense main jab bhi Kami ho gi to wo Credit hoon gi

Akhri dono families yani k Liability and Income/Revenue main jab bhi Izafa ho ga to wo Credit hoon gi

Akhri dono families yani k Liability and Income/Revenue main jab bhi Kami ho gi to wo Debit hoon gi

Asset	Expense	Liability	Income/Revenue
If Increase then Dr	If Increase then Dr	If Increase then Cr	If Increase then Cr
If Decrease then Cr	If Decrease then Cr	If Decrease then Dr	If Decrease then Dr

Ab hum ne dekha k Cash business main berh raha hay kion k pehlay business k pass kuch nahi tha is liay yeh Debit (Dr) ho ga

Or isi terha business ki liability bhi berh rahi hay kion k pehlay us business se humain kush wapis nahi lena tha is liay wo Credit (Cr) ho ga 

Accounts	Families	Increase / Decrease	Debit / Credit
Cash	Assets	Increase	Dr
Capital	Liability	Increase	Cr

ab or examples

·         He open a bank account in MCB Bank and deposit there Rs. 30,000/-

Accounts	Families	Increase / Decrease	Debit / Credit
Bank	Asset	Increase	Dr
Cash	Asset	decrease	Cr

·         He Borrows Rs 50,000/- from Miss Zaima at 12% interest annually

·         OR

·         He Borrows Rs 50,000/- from Miss Zaima

·         OR

·         He Borrows Rs 50,000/- from Miss Zaima at 12% interest per annum (p.a.)

Accounts	Families	Increase / Decrease	Debit / Credit
Cash	Asset	Increase	Dr
Creditor (Zaima)	Liability	Increase	Cr
Is entry main sirf jo loan lia gaya hay us ki entry kerna hay 12% saal k end main deina hay to us ki entry sall k akhir main hi kerian gay kion k interest salaana daina hay to entry bhi saal k end main hi kerain gay

·         He Purchase furniture worth Rs. 20,000/- for Cash

Accounts	Families	Increase / Decrease	Debit / Credit
Furniture	Asset	Increase	Dr
Cash	Asset	decrease	Cr

·         He purchases goods from Mr. Dogar for Rs 25,000/- and paid cash Rs. 15,000/-

Accounts	Families	Increase / Decrease	Debit / Credit
Purchases	Asset	Increase	Dr
Cash	Asset	decrease	Cr
Mr Dogar (Creditor)	Liability	Increase	Cr

·         He Sells goods for cash Rs. 9,000/-

Accounts	Families	Increase / Decrease	Debit / Credit
Cash	Asset	Increase	Dr
SALES	Income/Revenue	Increase	Cr

·         He sells goods for Rs. 5,000/- to Mr. Amjad on credit basis

·         or

·         He sells goods for Rs. 5,000/- to Mr. Amjad on account

·         Or

·         He sells goods for Rs. 5,000/- to Mr. Amjad

Accounts	Families	Increase / Decrease	Debit / Credit
Amjad (Debtor)	Asset	Increase	Dr
SALES	Income/Revenue	Increase	Cr

·         He Purchases Stationery for Rs. 3000/-

Accounts	Families	Increase / Decrease	Debit / Credit
Stationery	Expense	Increase	Dr
Cash	Asset	decrease	Cr

·         He Purchases a fan for Rs. 2,000/- and safe for Rs. 8,000/- and pays by cheque

Accounts	Families	Increase / Decrease	Debit / Credit
Fan	Asset	Increase	Dr
Safe	Asset	Increase	Dr
Bank (MCB)	Asset	Decrease	Cr
Jab bhi koi payment via cheque ki jay ki to humaray bank main se paisy kam hon gay to humara Bank account credit ho ga

·         He pays Rs.6000/- to Mr Dogar on account          

Accounts	Families	Increase / Decrease	Debit / Credit
Mr Dogar (Creditor)	Liability	Decrease	Dr
Cash	Asset	decrease	Cr
Mr Dogar se hum ne good purchase ki thee to wo humary liability bun gaya tha. Ab hum us ko kuch payment ker rahay hain to wo utni amount se kam ho jay ga to is wastay Mr Dogar Dr ho ga

·         He returns defective goods to Mr Dogar worth Rs. 1,000/-

Accounts	Families	Increase / Decrease	Debit / Credit
Mr Dogar Creditor	Liability	Decrease	Dr
Purchase return	Asset	decrease	Cr
Mr Dogar se hume jo goods purchase ki thee wo defective nikly to hum ne us ko wapis ker di. Is se ab hum ne us k kam paisy wapis kernay hain to liability decrease ho jay gi. Or humara assets bhi kam ho jay ga.

·         Goods are returned by Mr Amjad Rs 500/- to the business

Accounts	Families	Increase / Decrease	Debit / Credit
Sales Return	Income/Revenue	Decrease	Dr
Mr Amjad (Debtor)	Asset	decrease	Cr
Jis terha hum ne defective goods return ki isi terha Mr Amjad ne hum ko Defective goods wapis ki jis se humary Sales kum ho gayee to Dr or assets bhi kam ho gaya to Cr

·         Cash Paid to Mr Dogar Rs 2,800/- in full satisfaction of his claim of Rs. 3,000/-

Accounts	Families	Increase / Decrease	Debit / Credit
Mr Dogar Creditor	Liability	Decrease	Dr
Cash	Asset	Decrease	Cr
Discount Received	Income/ Revenue	Increase	Cr
In entry main 3 account involve huway Mr Dogar ki payment 3000  settle ker di 2800 cash de ker 200 dicount hasil ker k

·         Cash received from Mr. Amjad Rs.4400/- in full satisfaction of his debts of Rs. 4500/-

Accounts	Families	Increase / Decrease	Debit / Credit
Cash	Assets	Increase	Dr
Discount Allowed	Expense	Increase	Dr
Mr Amjad Debtor	Assets	Decrease	Cr
Is entry main Mr Amjad se hum ne 4500 lena tha per us ne hum ko 4400 dia jis ki wajah se Discount expense ki soorat main samnay aya

·         Cash withdrawn from the bank for business use Rs.5000/-

Cash	Asset	Increase	Dr
Bank (MCB)	Asset	Decrease	Cr
Cash Bank se kam ho gaya or Office main cash main izafa ho gaya

Interest is paid on Money