Tag: Accounting Examples

Three Golden Rules of Accounting: 1. Debit (Dr.): 2. Credit (Cr.): 3. Dual Aspect: Steps for Voucher Entry (Manual): Step 1: Identify the Transaction: Step 2: Analyze the Transaction: Step 3: Prepare the Voucher: Step 4: Apply Double-Entry: Step 5: Calculate Balances: Step 6: Post to Ledger: Examples of Voucher Entries: Example 1: Cash Purchase…