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Journal                                                                         8.3


                       6.  Cash sales                         Cash or Bank A/c                    ...Dr.
                                                                To  Sales A/c

                       7.  Opening a Bank Account             Bank A/c                            ...Dr.
                                                                To  Cash A/c
                                                                 To  Capital A/c (If opened with personal cash/cheque)

                       8.  Withdrawal of cash from bank       Cash A/c (Office Cash)              ...Dr.
                                                              Drawings A/c (Personal use)         ...Dr.
                                                                To  Bank A/c

                       9.  Collection of cash/cheque from customers    Cash or Bank A/c (Net amount)   ...Dr.
                          (and discount allowed, if any)      Discount Allowed A/c (Discount)     ...Dr.
                                                                To  Customers’ A/c

                       10. For payment of cash/cheque to suppliers   Suppliers’ A/c               ...Dr.
                          (and discount received, if any)        To  Cash or Bank A/c (Net Amount)
                                                                 To  Discount Received A/c (Discount)
                       11. Bad Debts                          Bad Debts A/c                       ...Dr.
                                                                To  Debtor’s A/c
                       12. Recovery of Bad Debts              Cash or Bank A/c                    ...Dr.
                                                                 To  Bad Debts Recovered A/c

                       13. Purchase of machinery for cash     Machinery A/c                       ...Dr.
                                                                 To  Cash or Bank A/c

                       14. Purchase of Machinery on Credit    Machinery A/c                       ...Dr.
                                                                 To  Supplier’s A/c
                       15. Depreciation charged on assets     Depreciation A/c                    ...Dr.
                                                                 To  Asset A/c
                       16. Sale or disposal of any old asset at a loss   Cash or Bank A/c         ...Dr.
                                                              Loss on Sale of Asset A/c (Profit & Loss A/c)   ...Dr.
                                                                 To  Asset A/c
                       17. Sale or disposal of any old asset at a profit   Cash or Bank A/c       ...Dr.
                                                                 To  Asset A/c
                                                                 To  Gain (Profit) on Sale of Asset A/c (Profit & Loss A/c)
                       18. Goods returned by the customer     Returns Inward A/c                  ...Dr.
                                                                 To  Debtor’s A/c
                       19. Goods returned to the supplier     Creditor’s A/c                      ...Dr.
                                                                 To  Returns Outward A/c
                       20.  Distribution of goods as samples   Advertisement/Samples/Sales Promotion Expenses A/c ...Dr.
                                                                 To  Purchases A/c (Trader)
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