** ACCOUNTS **

Account is a major task in every Industry in the world,

Accounts jobs are worldwide, It is as easy as Complex also,

Account is a Game or Play of Debit And Credit, All Jobs done with this method

ACCOUNTS FORMATS :-

Opening Balance: Amount carried forward from the previous period.

Receipts (Credits): Money received (sales, income, deposits).

Payments (Debits): Money spent (purchases, expenses, withdrawals).

Closing Balance: Remaining balance after receipts and payments.

Example

Period: July 2026

• Opening Balance: ₹50,000
• Receipts:
  • Sales Income: ₹30,000
  • Other Income: ₹5,000
• Payments:
  • Purchases: ₹20,000
  • Rent & Utilities: ₹10,000
  • Miscellaneous: ₹2,000
• Closing Balance: ₹53,000

ACCOUNTS HAVE MANY VOUCHER TYPES, Like Sale, Purchase, Cash, Bank, Journal, debit Credit Notes, Challans, Sale Return, Purchase Returns, Rcm Voucher Entry,

ACCOUNTS HAVE SOME MASTER FORMS

Like Account Master, Item Master, Transport Master, Narration Masters etc.

• Sale
• Purchase
• Cash Bank Journal
• Journal
• Challans

SALE VOUCHER :

Sale have Many Type Like GST Invoice, Retail Invoice, Export Invoice, Transport Invoice

PURCHASE VOUCHER : Purchase Voucher, Tax Free Purchase Voucher,

CASH VOUCHER : This Voucher Contain On Cash Flow Types Entries Like Cash Receipt or Cash Payments either Cash From Bank, Cash Cannot be Credit,

BANK VOUCHER : This Voucher Contains Only Bank Related Entries Like Cheques, RTGS, P.O, Online Bank Transactions, UPI Entries Etc.

JOURNAL VOUCHER : This type of Voucher Contains Journal Entries Both Side Debit and Credit Will be Equal.

CHALLAN : Challans are temporary document format bill type to weighing the goods, Transfer goods factory to Godown or vice versa etc.

LEDGER : Ledger show all account head detailed statement either closing balance is debit or credit either zero.