Specimen Journal Entries — KSLU Ethics Notes
Specimen Journal Entries
| Transaction | Debit | Credit | Narration |
|---|---|---|---|
| Capital introduced | Cash A/c ₹50,000 | Capital A/c ₹50,000 | Being capital brought into practice |
| Office rent paid | Rent A/c ₹5,000 | Cash A/c ₹5,000 | Being office rent paid |
| Court fees paid for client | Client X’s A/c ₹2,000 | Cash A/c ₹2,000 | Being court fees paid on behalf of Client X |
| Fees received from client | Cash A/c ₹15,000 | Professional Fees A/c ₹15,000 | Being fees received from Client Y |
| Stationery purchased | Stationery A/c ₹500 | Cash A/c ₹500 | Being stationery bought for office |