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About Us

I am providing teaching service since 2009 to all students of D.com, B.com M.com, DBA, BBA, MBA and BS-Commerce. 

I develop this blog to facilitate commerce students by providing theoretical as well as Numerical data in easy and understandable way with examples of daily life.

This site is best for Accounting knowledge

If you have any query regrading Site, Advertisement and any other issue, please feel free to contact at qha333@gmail.com

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What is Entry and its types?

Recording a transaction in an appropriate place of the concerned book of account is called entry. It is of two types: Ø   simple entry Ø   compound entry 1.        Simple entry The entry in which only one account is debited and only one account is credited is named as simple entry. E.g. Goods purchased for cash Rs.9000   Journal Entry:                                      Purchases           9000              To cash                 9000    (Goods purchased for cash)                                                                                                Compound entry An entry in which more than one account is debited or more than one account is credited is called compound entry. E.g. Goods purchased for cash Rs.9000 and on credit from Mr.A Rs.10000. Journal Entry:                                     Purchases           19000                To Cash                9000            To A                     10000         (Goods purchased on cash a