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Journal Entry and Ledger Posting for Printing & Stationery Expenses paid through Bank Account

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 ...

TallyPrime - Confirmation of Accounts Statement

How to Print and issue Confirmation of Accounts Statement to your Creditors and Debtors ? One can follow the below mentioned example steps when confirmation of Party Accounts are required. Example : Maa Electricals Pvt. Ltd, Puri requests Confirmation of Accounts from M/s.Trimurthy Traders, Cuttack for the F.Y-2021-22. Here Maa Electricals Pvt.Ltd, Puri is a Debtor for M/s.Trimurthy Traders, Cuttack and M/s.Trimurthy Traders, Cuttack is a Creditor for Maa Electricals Pvt.Ltd, Puri. In this case M/s.Trimurthy Traders have to issue Confirmation of Accounts Statement to Maa Electricals Pvt.Ltd. In the Books of M/s. Trimurthy Traders, Cuttack On Gateway of Tally Screen Press 'D' or click on 'Display More Reports' Press 'A' or click on 'Account Books' Press 'L' or click on 'Ledger' Select or write 'Maa Electricals Pvt.Ltd' on 'Name of Ledger' Bar and Press 'Enter' Press 'F2' or click on 'F2:Period' to...

Ledger Account and Account Head

Meaning of Ledger Account and Account Head in Financial Accounting with example. Ledger Account : A ledger Account is a summarized statement of transactions related to a particular Person, Asset/Liability, or Income/Expense for a particular period showing opening and closing balance. A Ledger Account is posted from the Journal Register or Journal Book,commonly in a date wise ascending order. The transaction date of Ledger Account is same as the transaction date of Journal Register. In practical,Accountants omit Recording of Journal Register and post Ledger Account directly from Primary documents like Credit Voucher,Debit Voucher,Purchase Invoice,Sales Invoice,Bank Payment Acknowledgement,Bank deposit slip or Pay-in-slip etc. to avoid more time consumption. Name and Address of the Business Organization is mentioned on the top of the Ledger Account. Below the Name and Address of Organization, Name and Address of other party Ledger Account is mentioned in case of Personal Accounts li...

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