6, Prem Kutir, Universtiy Road, Udaipur – 313001 Rajasthan, India
[email protected]
09414234600, 7737447183
6, Prem Kutir, Universtiy Road, Udaipur – 313001 Rajasthan, India[email protected]09414234600, 7737447183
Business Man & Business
I am the Business
Computer खरीदा 20,000/-
मोबाइल खरीदा10,000/-
Debit / Dr / By / नाम
1- पाने वाले को Receiver
2- आने वाली सम्पति या वस्तु को What Comes into the Business
3- समस्त खर्चों व हानि को All Expenses and Losses
(जिस नाम से खर्चा या हानि हुई है।)
Dr Amount = Cr Amount
Credit / Cr / To /जमा
1- देने वाले को Giver
2. जाने वाली सम्पति या वस्तु को What Goes out from the Business
3. समस्त लाभ व आय को All Incomes and Gains
(जिस नाम से लाभ या आय हो रही है।)
=Rent/ Interest/ Discount Commission > Paid or Received हमें साथ में ही लिखना चाहिए।
Example : Rent Paid A/c or Rent Received A/c
Golden Rules for Debit:
Debit the Receiver
➤ When someone receives a benefit from the business (like goods or money), that person or account is debited.
Example: Paid ₹10,000 to Rahul – Rahul is the receiver, so Rahul’s A/c is debited.
Debit What Comes In
➤ When assets, goods, or value come into the business, they are debited.
Example: Bought a computer for office use – Computer is an asset coming in, so Computer A/c is debited.
Debit All Expenses and Losses
➤ When the business spends money or suffers a loss, that expense or loss is debited.
Example: Paid rent ₹5,000 – Rent is an expense, so Rent A/c is debited.
Golden Rules for Credit:
Credit the Giver
➤ When someone gives something to the business (like cash, goods), that person or account is credited.
Example: Took a loan from Bank – Bank is giving money, so Bank A/c is credited.
Credit What Goes Out
➤ When assets, goods, or value go out of the business, they are credited.
Example: Sold old furniture – Furniture is going out, so Furniture A/c is credited.
Credit All Incomes and Gains
➤ When the business earns income or gains a profit, it is credited.
Example: Received ₹2,000 as commission – Commission is income, so Commission A/c is credited.
Golden Rule Summary:
| Type of Transaction | Debit | Credit |
| Person | Receiver | Giver |
| Goods/Asset | What Comes In | What Goes Out |
| Profit & Loss | All Expenses and Losses | All Incomes and Gains |
1. Purchase Computer 20,000=00
Dr.
Cr.
2. Purchase Printer 10,000=00
Dr.
Cr.
3. Purchase T.V. 28,000=000
Dr.
Cr.
4. Deposit in Bank 2,00,000=00
Dr.
Cr.
5. Paid to Mr. Kailash 20,000=00
Dr.
Cr.
6. Received from Mr. Shankar 20,000=00
Dr.
Cr.
7. Paid Salary 70,000=00
Dr.
Cr.
8. Received Rent 20,000=00
Dr.
Cr.
9. Purchase Goods माल 20,000=00
Dr.
Cr.
10. Sales Goods 20,000=00
Dr.
Cr.
11. Sales Goods to Miss Deepika 20,000=00
Dr.
Cr.
12. Sales Goods to Miss Deepika in Cash 20,000=00
Dr.
Cr.
13. Sales Goods to Miss Deepika & Received Cheque 20,000=00
Dr.
Cr.
14. Ms. Savitaji Starts Business with Cash 20,00,000=00
Dr.
Cr.
15. Ms. Savitaji Starts Business with Cheque 20,00,000=00
Dr.
Cr.
Dr.
Cr.
16. Ms. Savitaji Withdrawal for Personal Use 20,000=00
Dr.
Cr.
17. Ms. Savitaji Withdrawal for Personal Use from Bank 20,000=00
Dr.
Cr.
18. Paid to Mr. Ram 9,800=00 and Discount received 200=00
Dr.
Cr.
Cr.
19. Received From Mr. Shankar 9,800=00 and Discount allowed 200=00
Dr.
Cr.
Dr.
20. Purchase Shares of X & Y Cos. 20,000=00 & Paid Brokerage 200=00
Dr.
Cr.
Dr.
Cr.
21. Purchase Horse for Sale Goods 1,20,000=00
Dr.
Cr.
22. Purchase Furniture 20,000=00
Dr.
Cr.
23. Received Electricity Bill 20,000=00
Dr.
Cr.
24. Paid This bill
Dr.
Cr.
Debit Amount = Credit Amount in every journal entry.
This rule ensures the books remain balanced and error-free.
Conclusion
Understanding Debit and Credit is the foundation of accounting. By applying the Golden Rules properly, you can record any financial transaction accurately, ensuring that your business books stay balanced and reliable.