Category: Accountancy ls-06

Shivali’s business is in motion. Goods arrive from suppliers, customers buy on credit, wages and rent must be paid, and cheques move through the bank. Each transaction changes the business’s

July is a busy month for a business. Goods are bought and sold, suppliers are paid, customers settle their debts, and bills arrive. But three transactions hide accounting traps: a

Ram Kumar has started a business. On day one, he invests cash. Soon he is buying goods, dealing with suppliers, selling to customers, purchasing furniture and paying bills. The business

A business owner can handle cash, deposit money in the bank, withdraw it when needed, buy goods from suppliers, and sell to customers on credit—all in the same week. But

Aman has opened a business, and the money is already moving. Cash comes in, goods are purchased, furniture arrives, customers buy on credit, and suppliers wait for payment. Every transaction

It is the end of the month, and a shopkeeper has two bills to settle: rent of ₹5,000 and electricity charges of ₹1,000. The shopkeeper pays both in cash. The

The electricity bill has arrived. The shopkeeper pays ₹800 in cash. Simple enough—but an accountant cannot just scribble “electricity paid” in a notebook and call it a day. The transaction

The shop is busy. A customer buys goods, cash changes hands, and the shopkeeper needs to record the sale. But there is one crucial question: Where should the transaction be

Imagine a busy shop on a Monday morning. A customer buys goods, the shopkeeper pays rent, and a supplier delivers new stock. By evening, several transactions have taken place. But