Double Entry

1. Started business with cash

• Dr Cash

  Cr Business

• Dr Cash

  Cr Capital

• Dr Capital

  Cr Cash

• Dr Business

  Cr Cash

2. Paid rent by cheque

• Dr Bank

  Cr Rent

• Dr Rent

  Cr Bank

• Dr Rent

  Cr Cheque

• Dr Cheque

  Cr Rent

3. Rent received by cheque

• Dr Bank

  Cr Rent received

• Dr Rent received

  Cr Bank

• Dr Bank

  Cr Rent

• Dr Bank

  Cr Rent

4. Cash Sales

• Dr Sales

  Cr Cash

• Dr Cash

  Cr Sales

• Dr Purchase

  Cr Sales

• Dr Sales

  Cr Bank

5. Bought goods by cash

• Dr Goods

  Cr Cash

• Dr Purchases

  Cr Cash

• Dr Cash

  Cr Purchases

• Dr Cash

  Cr Bought

6. Bought machinery by cash

• Dr Furniture

  Cr Cash

• Dr Bank

  Cr Office equipment

• Dr Cash

  Cr Machinery

• Dr Machinery

  Cr Cash

7. Sold motor vehicle to Ali

• Dr Ali

  Cr Disposal Motor Vehicle

• Dr Disposal Motor Vehicle

  Cr Ali

• Dr Ali

  Cr Sold

• Dr Motor vehicle

  Cr Ali

8. Received cheque from Edward

• Dr Edward

  Cr Cheque

• Dr Edward

  Cr Bank

• Dr Bank

  Cr Edward

• Dr Cheque

  Cr Edward

9. Owner withdrew cash from business for own use

• Dr Cash

  Cr Drawings

• Dr Drawings

  Cr Cash

• Dr Business

  Cr Cash

• Dr Cash

  Cr Own use

10. Owner withdrew goods from business for own use

• Dr Goods

  Cr Drawings

• Dr Drawings

  Cr Purchase

• Dr Drawings

  Cr Goods

• Dr Purchas

  Cr Drawings