Kalp Accounting Learning Articles

Accrued Interest on Fixed Deposit Account means, Interest on Fixed Deposit Account earned but not yet received by the Depositor/Account Holder/Customer of a Bank. Interest earned is added to the Principal Amount of Fixed Deposit Account. On the maturity/close of Fixed Deposit Account, Principal amount along with total Interest earned is received. Now let's discuss how to pass necessary Journal Entry and post them into their respective Ledger Account, when Interest on Fixed Deposit Account is accrued. When Interest on Fixed Deposit is accrued, the affected Ledger Accounts are : Fixed Deposit Account shows Debit effect and, Interest on Fixed Deposit Account shows Credit effect. Journal Entry Ledger Posting In Fixed Deposit Ledger Account. In Interest on Fixed Deposit Account Example : M/s.Aman Jewellery opened a Fixed Deposit Account on dated 01/08/2021 with Bank of India for ₹2,00,000/- @ 6% Interest p.a. Date of Maturity dt.31/07/2023. Interest accrued as on dt.31/03/2022 is ₹8,000

Printing & Stationery Expenses Ledger Account is popularly used by Accountants for maintaining Books of Account of a Business Organization. Printing & Stationery Expenses include : Purchase of Printing materials such as   Printing Paper Writing paper pads Printer Cartridge Refilling ink Document xerox charges etc. for office use. Purchase of office stationery such as Pen Pencil  Eraser Files/Folders Thread Tag/File Tag/Binding Lace Stamp pad ink Alpin Box  Paper pasting gum etc. for office use. Now let's discuss about Journal Entry and Ledger Posting procedure, when printing and stationery expenses incurred but not yet paid. When Printing and stationery expenses incurred but not yet paid, the affected Ledger Accounts are : Printing & Stationery Ledger Account shows Debit effect and, Printing & Stationery Payable Ledger Account shows Credit effect. Journal Entry Ledger Posting In Printing & Stationery Expenses Ledger Account. In Printing & Stationery Paya

Printing & Stationery Expenses Ledger Account is popularly used by Accountants for maintaining Books of Account of a Business Organization. Printing & Stationery Expenses include : Purchase of Printing materials such as   Printing Paper Writing paper pads Printer Cartridge Refilling ink Document xerox charges etc. for office use. Purchase of office stationery such as Pen Pencil  Eraser Files/Folders Thread Tag/File Tag/Binding Lace Stamp pad ink Alpin Box  Paper pasting gum etc. for office use. Now let's discuss about Journal Entry and Ledger Posting procedure, when printing and stationery materials are purchased by payment through Bank Account. When Printing and stationery items are purchased by payment through Bank Account, the affected Ledger Accounts are : Printing & Stationery Ledger Account shows Debit effect and, Bank Account shows Credit effect. Journal Entry Ledger Posting In Printing & Stationery Ledger Account. In Bank Account. Example : In the Books

Printing & Stationery Expenses Ledger Account is popularly used by Accountants for maintaining Books of Account of a Business Organization. Printing & Stationery Expenses include : Purchase of Printing materials such as   Printing Paper Writing paper pads Printer Cartridge Refilling ink Document xerox charges etc. for office use. Purchase of office stationery such as Pen Pencil  Eraser Files/Folders Thread Tag/File Tag/Binding Lace Stamp pad ink Alpin Box  Paper pasting gum etc. for office use. Now let's discuss about Journal Entry and Ledger Posting procedure, when printing and stationery materials are purchased through cash payment. When Printing and stationery items are purchased by Cash payment, the affected Ledger Accounts are : Printing & Stationery Ledger Account shows Debit effect and, Cash Account shows Credit effect. Journal Entry Ledger Posting In Printing & Stationery Expenses Ledger Account In Cash Account Example : In the Books of M/s.Trimurthy Traders