Rules of Debit and Credit | Modern Method | #3 Journal Entries Accounting | Class 11

Rules of debit and credit, Modern method rules, Golden Rules of Accounts, Tally, How to pass Journal entries, golden rule account, golden rules of accounting with journal entries in english, golden rules of journal entry, golden rule account in hindi, rules of debit and credit class 11 chapter 9, rules of debit and credit class 11 chapter 6, rules of debit and credit class 11 chapter 4, Real, Personal, Nominal Accounts and Golden Rules of Accounting. Golden rules of Accounts, what is personal accounts , what is nominal accounts, what is real accounts,
Journal entries Champion Series Playlist :
• Personal , Real and No...
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𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐚𝐭 𝐏𝐥𝐚𝐲𝐬𝐭𝐨𝐫𝐞
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𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐟𝐨𝐫 𝐢𝐨𝐬 (𝐔𝐬𝐞 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐝𝐞 𝐅𝐔𝐍𝐃𝐀)
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𝐂𝐥𝐚𝐬𝐬 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 : • Class 12 Accounts Clas...
 
𝐒𝐭𝐞𝐩𝐬 𝐓𝐨 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐓𝐞𝐬𝐭
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4. Click on Content
5. Click on “Chapter 5: Journal Entries”
6 Attempt the Test
Real Account
• Represent the Assets and Properties Accounts:
• Classified into
1. Tangible Accounts: Land, Building, Machinery, Cash, Furniture,
2 Intangible Accounts: Goodwill, Patents, Trademark
• Generally, have a Debit balance only
• Golden Rules of Accounting for Real Account
- Debit: What’s comes in
-Credit: what’s goes out
• Example: Furniture Purchased for Cash Rs 5,000
Furniture Dr ( Coming in) 5,000
To Cash ( Going Out) 5,000
Personal Account:
• It Represent the person or Business (Firms, Proprietorship Firm, Company etc)
• Can be classified into three
1. Natural Person: Vaibhav, Neha
2. Artificial Person: Reliance Industries, Wipro Ltd , HDFC Bank
3. Representative Company: Outstanding Expense , Outstanding Salary , Prepaid Rent
• They can have Debit or Credit balance
• Golden Rules of Accounting for Personal Account
-Debit the Receiver
-Credit the Giver
• Example: Cash Given to Neha Rs3,000
• Neha Account Dr (Receiver of Cash) 3,000
To Cash (Going Out) 3,000
Nominal accounts
• Related to Income / Gain and Expense /Losses Account
• All kind of Income and All kind of Expense are classified as Nominal Account
• At the end of year, they are transferred to the Trading Account or Profit and Loss Account
• Golden Rules of Accounting for Real Account
-Debit: All Expense and Losses
-Credit: All Income and Gain
• Example: Salary Rs 12,000 Paid
Salary A/c Dr ( Expense ) 12,000
To Cash ( Going Out) 12,000
𝐅𝐮𝐥𝐥 𝐂𝐨𝐮𝐫𝐬𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞
Class 11 : accountsfunda.com/product/acc...
For Full Class 11 /12 Video Please Visit www.AccountsFunda.com or Call / WhatsApp at 9549168168 for Class 11th and 12th (CBSE) Accounts
𝐊𝐞𝐲 𝐅𝐞𝐚𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐞𝐧 𝐝𝐫𝐢𝐯𝐞 / 𝐌𝐞𝐦𝐨𝐫𝐲 𝐂𝐚𝐫𝐝 𝐕𝐢𝐝𝐞𝐨 𝐋𝐞𝐜𝐭𝐮𝐫𝐞 𝐨𝐟 𝐂𝐥𝐚𝐬𝐬 11 𝐭𝐡 𝐂𝐥𝐚𝐬𝐬 𝐛𝐲 𝐂𝐀 𝐃𝐞𝐞𝐩𝐚𝐤 𝐋𝐚𝐥𝐰𝐚𝐧𝐢
• Full Syllabus Covered
• 400 Question Solved in over 160 hours of video Lecture
• Very Detailed Lectures
• Each topic has been explained in most Simplified Way Possible
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𝐀𝐛𝐨𝐮𝐭 𝐃𝐞𝐞𝐩𝐚𝐤 𝐋𝐚𝐥𝐰𝐚𝐧𝐢
• Deepak Lalwani, Chartered Accountant (CA) is known for his ability to explain accounting in a clear, concise, Simple and thorough manner.
• He can be reached at 9549168168 ( via Call or WhatsApp)

[@bloggerabhay7883]

आपका पढ़ने का स्टाइल तो कतई जहर है sir 👌

[@ManjuVaid-zq6eg]

It was an amazing lecture sir . Firstly I Don't Know About Accounts But I Have U Now And U easily Helps Me in understanding of accounts. Thank You So Much ❤️❤️

[@hotram8279]

(1) Cash A/c Dr. 50,000
To sale 50,000
(2) Electricity A/c Dr. 4,000
To cash. 4,000

[@tohidsayyed9651]

You not mention narration in journal entry

[@Mini-Gamer.123]

Sir ye sale Account keese aya

[@Mini-Gamer.123]

Plz yar koi to batao

[@technicalgames1759]

Narration being vehicle sold for cash
Being electricity paid for cash

[@chandankumarkushwaha7278]

1. Cash ac
To furniture ac

[@pandurangchoudhari3790]

It was an amazing lecture sir. so simple to understand and apply.

[@banasmitajena4884]

You are the best sir for us ...your teaching style very mind-blowing 👍👍

[@143champak]

I am learning accounting from youtube by two three youtube chanels, i got to know deferent Techniques from them. Today I learned something interesting and easy to remember Technique from you sir which is AE & LIC. which makes my learning even more easier, wow... What a Technique. Hopefully I will not forget this. Thank you sir. Love from Assam.

[@carolinadbritto7736]

Very well explained

[@AccountsFunda]

Thanks a lot ji for such a nice complement...glad that you like it :) and ya.....as per me its AE and LIC is the best way to understand Journal entry

[@AccountsFunda]

Thanks a lot @@carolinadbritto7736

[@mansimalhan3938]

today i was looking for some accounts videos and came across your, never thought anybody can explain accounts soo well,you are doing a great job sir...i watched 3 videos of yours and all are amazing. may god bless you sir.more respect sir🙏

[@neelammaganechari6317]

thanks you sir giving in simple way to understand dr and cr

[@siddhantshivam7857]

I'm a student of class 8. Hamare school me class 8th se hin commerce padhaya jata hai.mujhe class me Kuch nhi samajh aata tha it was really helpful for me thanks sir...

[@abhayabhi5714]

@@siddhantshivam7857 can I have ure whatsapp no

[@monicasingh8115]

Kon se State m 8th se hi commerce padhaya jata hai???

[@hareshchander85]

​@@monicasingh8115 abay yr ye jhot k rha hy

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@@monicasingh8115 I'm currently living in Bihar...

[@siddhantshivam7857]

@@hareshchander85 Jhut bol Kar mujhe kya milega.....Aur aisi koi baat nhi...kyunki ICSE stream ko follow Karne wale schools mein class 9th me Computer ya Commerce mein se koi ek sub choose karna HOTA hai and students ye na sochen ki childhood se humne computer padha hai to humen computer hin choose karna chahiye isiliye class 8th me wo class 9th ke commerce book se padhate hain so that we students can get the outline of that subject and 9th me jab hum koi bhi subject choose Karen to hum baad mein regret feel na karen........b,coz 8th class me dono sub ke experience ko Dekh Kar hm apne interest ko pursue Kar sakenge aur ye bhi pata rahega ki hm kis sub mein perfect hain😊

[@mugdha1528]

Nice teaching sir, thanks 🙂we will never forget this ur cleverly and simple teaching method' keep it up

[@AccountsFunda]

Thanks a lot ji

[@kausarshamim832]

Outstanding , teaching method .

[@aishashah5781]

Thanksss alot sir here i was struggling with jourbal entry you just cleared all my doubtsss and the way you teach is sooooo amazing thanks alot ❤❤

[@zaarabagban4991]

15-4-22
Cash a/c. Dr 50000
To vehicle a/c. 50000
(Being vehicle sold in cash)
27-4-22
Electricity expense. Dr 4000
To cash a/c. 4000
(Being electricity expense paid in cash)

[@aishashah5781]

Thannkss❤

[@SandeepSharma-fd6zz]

Correct🎉

[@princerejaul7186]

Wow dear teacher, you are one of the best teacher because your this modern rule is very easy for solve entries. plz new videos upload soon because we are waiting for your all uploads..

[@AccountsFunda]

Thanks ji for such a nice complement ..glad that u like it...just uploaded top 50 journal entry..do watch that

[@aayanaayan3175]

Thankyou so much sir buhut video join kre pr kuch ne smaj aaya pr aapne bohot bohot ache se explain kraya sir ❤

[@khushi_naaz_55]

This is the best channel for accounting and best teacher too.

[@karunadhanwaliya9690]

Gajab sir very nice 💯👍👍

[@sujeetkumar6538]

Mere liye video bhut usefull sabit hua sir 🙏🙏👍🏻👍🏻❤️👍🏻 thanks

[@HemantPal-pn6ze]

Same

[@samarladha2525]

Bhot hi aasan trike se samjha Diya sir apne...thanku so much..❤️❤️

[@priyankathakur2726]

Thnx for making accounting easy with short tricks 👍

[@lomashpahalwar8964]

It's really amazing sir thanks for this video 🤩

[@AccountsFunda]

Thanks a lot ji

[@Fashionwithsomya]

Sir your explanation is too good thank you so much sir .

[@kamrujamal8895]

Hello

[@rajeshmishra1860]

Sir aapka account samjhane ka system bahut amazing hai. I have 15 years experience in account .but i like trick . Great sir

[@bharatbhushan8191]

You explained very well and in a simple way sir. Thanks a lot

[@A.k.Channel5726]

Electricity exp a/c Dr. 4,000
to cash a/c 4,000
(being electricity expense for paid cash

[@rajeshshah6012]

Excellent lecture.very simple to understand

[@AccountsFunda]

Thanks Rajesh

[@monicatheiconicgirl108]

Amazing you make everything very simple.modern method is easier than the traditional method

[@ind_gamer0013]

You are brilliant Sir very helpful video

[@JRBclass7.0]

सरकारी स्कूलों में आप जैसे अध्यापक हो तो हर गरीब बच्चा पढैंगा ❤❤❤❤❤❤

[@themasterap78]

Par bacha bhi acha hona chahiye

[@KanchanArora-ls9vf]

Tere jaisa nhi ho

[@misskajalkaur9727]

It's such a mind blowing video for journal entries in CZcams 🤩
Thank u so much sir 🥰🥰

[@AccountsFunda]

So nice of you for taking time and complementing ...glad that aapko acha laga :)

[@heenakumari2900]

Furniture a/c to cash a/c

[@souramitadebnath575]

@@heenakumari2900 🙂

[@hemarammodi1867]

​@@AccountsFunda❤

[@ahaankhan4245]

Thank you sir

[@kirti236]

Thank you sir mujhe bahut acche se samajh aa gaya...✌️

[@balramsinghyadav4861]

Superb.. daut absolutely cleared

[@rockxstar3382]

Sir gajab sir thnx for this lovely and very knowledgeable video

[@AccountsFunda]

My pleasure ji...do tell ur friends too about accounts Funda😍

[@IT_SMART_CLASS]

Thanks you sir ettni archi video banane ke liye

[@AccountsFunda]

My pleasure ji😍

[@roshniyadavofficial2917]

Sir because of you i understood very well thank you sir

[@rajnidevi4609]

Sir bhut acha video hi ..explain vry deeply.. Thk u..

[@vijaygowda9199]

Your the best sir ........ I was worried that i dint no anything in accounts but now I have you ... You made my day sir . Thanku you very very much

[@AccountsFunda]

Thanks Vijay....dont worry...mai huu naa Accounts kai liyai :)

[@MENOKHALIL9424]

Ok sir

[@successhunger8167]

Thankyou so much for your so much effort 🤗🤗🤗🤗🤗🤗🤗🤗🤗🤗

[@AccountsFunda]

Thanks a lot ji

[@KhushiSingh-lq7rt]

Thanku sir aapka ye lecture achhe se samajh me aaya 😊

[@varshabhutada7121]

Very interesting sir .....bahot hi acche se bataya apne ...tq sir

[@vibhaspawar3881]

Thank you so much sir tommorow is my exam and mujhe thode basic doubt the jo aapne clear kar diye thank u very much sir. Loving ur lectures sir . Now whenever I have doubt of accounts I will visit your channel first. thank u so much sir

[@AccountsFunda]

Oh wow....all the best ji...u will go great in exam.....as with strong funda...no one can beat u

[@vikramrajbhar9154]

Aap jaisa teacher kash school time me mila hota to aaj mai kuch aur hota

[@shubhangiawaghad6542]

You are a great in account subject Sir 🙏🙏

[@sumitkumar3938]

aapki video 2-3 din se hi dekhna chalu kiya hai. samnjhane ka trika kafi accha laga.

[@ilyazahamed2494]

Sir....mere paas Shabd nahi hai k apne kitni achchi video banai hai kehne ke liye...I just want to say the best teacher and the best video on CZcams related to journal entries...thank you very much sir for helping us ...keep making such kind of helpful videos...may God bless you sir🌹

[@ilyazahamed2494]

Subscribing right now for such an amezinng efforts

[@AccountsFunda]

Thanks a lot Ilyaz for such a nice complement...this is what i aim for....happy and satisfied student......its good that you like it...hope more students get to know our channel and get happy with it :)

[@chandreshsingh1169]

Very helpful video. Thank you sir 🙏

[@asmitashende2074]

Very nice explanation sir

[@Sajidkhan-bt9ks]

Date= 15/04/2022
1. Cash a/c Dr 5000
2. To Vehicle a/c 5000
Being sold vehicle with cash

[@never_die_gaming]

Vehicle ha kya essets,,expense ,,or,, liabilities,, income

[@Jkscary]

Assets

[@Gautam.1ak]

सर आपके समझाने का तरीका बहुत ही अच्छा है।
Thank you so much sir.. 🙏

[@ghanshyamsaini3670]

Bhaut bhaut dhynyabad sir😊

[@anjalirai5586]

amazing explanation 😍

[@AccountsFunda]

Thanks anjali

[@khushi_naaz_55]

I was a science student that's why I was having problem in understanding but after watching sir's videos I have become a master in this subject.

[@rohitashnolakha]

Very good teacher.... simple techniques to teach...

[@parashudg]

Wow wonderful class sir....

[@vijaybhadrike7962]

One'of the best channel on CZcams ❤️❤️❤️

[@AccountsFunda]

Thanks Vijay for such a nice complement :)

[@vaibhavjain680]

1. 15 apr. 22
Cash a/c dr. 5000
To vehicle a/c. 50000
2. 27 apr. 22
Electricity exp. A/c dr. 4000
To cash a/c. 4000

[@PriyanshuJoshiVlogs]

Thankyou sir🙏.. आपका समझाने का तरीका बहुत ही गजब का है ❤

[@maneeshvashisht3427]

Sir appne bahut accha lacture samjhaya God bless you sir

[@AnilKumar-mr8ve]

15 April - Cash A/c Dr 50000
To sales A/c 50000 27 Ap- Electric exp A/c Dr 4k
To cash a/c 4000
Dr- 54000
Cr - 54000

[@RJ-xq7tu]

Ye kya hai

[@gitathakkar3059]

👌

[@Radhe30]

Thanks a lot sir giving in simple way to understand😊

[@shaluraomastani3220]

Thankyou so much sir aapne bahut aacha samjhaya...

[@narayanbhandari2185]

Cash a|c Dr.
To Vehicle a|c
(Being Vehicle Sold in Cash.)
Electricity Expenses a|c Dr.
To Cash a|c
(Being Electricity Expenses paid.)

[@Gautam.1ak]

1) Cash A/c. Dr. 50,000
To Sale A/c. 50,000
(Narration- Being vehicle sold for cash)
2) Electricity A/c. Dr. 4,000
To Cash A/c. 4,000
(Narration- Being electricity paid for cash)

[@shekhargiri3817]

Thanks you sir 🙏 your this video really helped me a lot 🙏

[@danishamasih2053]

I like the way of ur teaching...
Thank u so much sir😊

[@manishsingh7930]

Cash A/C dr 50,000
To vehicle A/C 50,000
(Being vehicle sold for cash)
Electricity exp A/C dr 4,000
To cash A/c 4,000
(Being Electricity exp paid for cash)

[@AccountsFunda]

Perfect

[@manishsingh7930]

@@AccountsFunda thank you so much

[@AccountsFunda]

𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐞𝐧𝐭𝐫𝐢𝐞𝐬 𝐂𝐡𝐚𝐦𝐩𝐢𝐨𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭 👇
czcams.com/video/-O-IXU5HdPg/video.html

[@motivational_status_video_011]

Cash A/c
To vehicle A/c

[@motivational_status_video_011]

Electricity A/c
To cash A/C

[@pratikkumar189]

Thank you so much sir aapne bahut hi acha samjhaya so very very thank you so much sir 🥰🥰

[@kashif5789]

@@motivational_status_video_011 Cash A\c
To electricity expense A\c

[@chandrbhanchandrbhan9948]

Hii sir

[@fflegendzone2631]

Sir apka bahut bahut shukriya ❤

[@laveshagrawal476]

Thank you sir for sharing this video 😊

[@AccountsFunda]

𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩 𝐆𝐫𝐨𝐮𝐩 𝐋𝐢𝐧𝐤👉 bit.ly/3LZxDAx
𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐞𝐧𝐭𝐫𝐢𝐞𝐬 𝐂𝐡𝐚𝐦𝐩𝐢𝐨𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭 👉bit.ly/3BtTV7v
𝐃𝐨 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐨𝐮𝐫 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐢𝐟 𝐲𝐨𝐮 𝐥𝐢𝐤𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 👉bit.ly/3LCjN4i

[@LaxmiYadav-qf3xh]

Sar aapko apna answer pin karna chahie

[@facts4india]

Maja agaya sir 😍 ( mere school me Jake mere teacher ko tution de do sir please ( only fees lete hai school me samjh kis ko nhi ata only teacher ko samjh me ata hai 😂😂 ) )

[@aviking_yt7561]

Very Good...No 1...Best...Teacher...

[@komalkom6624]

Thank you soooooo much sir, etne achhe se smjhane ke liye..🙏🙏🙏🙏🙏🙏....

[@krakesh_753]

You are brilliant explanation sir

[@Noorulabbasminivlogs]

Bht acha laga sir apki study se bht khoob osm sir ❤

[@ishasharma7225]

Excellent way of teaching sir

[@Siddharth-n8r]

Thank u Sir Aapne to saare doubt clear kr diye aaj debit credit smagh aaya h Thank you so much Sir 🙏🙏

[@sushilsajnani676]

Wonderfulyl. Explained journal and basic accounts of accounting.. thanks a lot for this video 🙏🏻

[@AccountsFunda]

Thank u so much sushil ji

[@akcdgamer594]

Thank You Sir ❤ Bahot achha samjh aaya sir 🤗

[@bhagabansethi1168]

Thank you sir so good lectures 🙏

[@krrishgameing]

Gajab sir ❤❤❤

[@usmamali2958]

So nyc sir mind Acha clear kiya h

[@rahulborse5588]

Thank you so much sir ☺️

[@PremKumar-dw4ds]

Excellent lecture very simple to understand ❤❤🍫🍫

[@user-uw8zd8qd9x]

You are the very very best sir

[@RahulKumar-ft6yu]

Your teaching style is great sir hands up for u

[@asifquraish4599]

I am so glad from your lectures sir please keep going and post these type of lectures sir more and more thank you sir have a good day

[@tryingtobestar7782]

Sir your method of teaching is very very understandable thankyou very much

[@mallika3884]

Bahut acha laga sir video ekdum clear

[@twinklethakur7943]

Thank you sir Ap bahut ache se explain karte ho …..

[@hasayalakayjatay6099]

Thank you sir for brilliant explanation ❤️🙌

[@kaminisingh9963]

Bahut Achcha Laga Sar aapka lecture Samajh Mein Aaya sar

[@Drkibria2571]

Sir bht acha parhate hn hamaisha salamt rhai love you

[@user-hb8rt5tv8t]

simple in the best ...thank u sir

[@junedkhan5235]

You are the best teacher of Accounting Thanks a lot ❤🌹🌹🌹

[@Rohitsah55555]

your way of teaching is very good❤

[@aftabansari7662]

Very good advise about the type of account very thanks

[@priyankaguptapriyankagupta7493]

Thank u sir ap explain Bohot acha karte hai ❤

[@aartisharma6453]

Thank you sir aapne itna ache se smjaya ki ek bar me hi smj aa gya

[@rakeshmakwana3173]

Grt class really understand in simple way.

[@rudrapratapsinghchouhan1850]

thankyou sir mera accounts ka basics strong ho gya acche se.

[@pradeepyadavmotivation582]

This is very easy sir ji jis tarah aap bata rahe hain bahut acche se samajh me aa gaya ham sir ji padh rahe the hamare dimag me kuch samajh me nahi aata tha aapka video pahle baar dekha sab samajh me aa gaya thank sir ji🙏🙏🙏🙏
Cash a/c Dr. 50000
To
vehicle a/c. 50000
(being vehicle sold to cash )

[@srikantabadatya6074]

Tq so much sir your teaching style is more effective for me