Let's see how it works in new version.
Let's take a example:
Advertisement Account debit 6000 rs
to Cash 2000 rs
to Bank 4000 rs
Let's see how to create journal for this scenario:
In New version, it is even more simplified, you can add all the accounts and
if you want to debit the account, just type its amount in debit column
if you want to credit the amount, just type its amount in credit column
It's that simple!
and not only this, this new version comes with huge upgrade
You can now add multiple accounts in debit and multiple accounts in credit
Rule remains the same,
Whatever account you want to debit, just type its amount in debit side
Whatever account you want to credit, just type its amount in credit side
Journal follows all the golden rules of accounting/debit-credit rules of accounting.
- Debit what comes in, Credit what goes out
- Debit all expenses and Credit all income & gains
- Debit the receiver, Credit the giver