Accounting Entrie

Depreciation
Dep A/C
To Accumulated Dep A/C

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Sales
Customer A/C
To Sales A/C
Sales Return (Credit Memo)
Sales Return A/C (Whatever Come In)
To Customer A/C
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Purchase
Purchase A/C
To Vendor A/C
Purchase Return (Debit Memo)
Vendor A/C
To Purchase Return AC (Whatever Goes Out)

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Posting Key 01 Customer Debit

Posting Key 11 Customer Credit

Posting Key 21 Vendor Debit

Posting Key 31 Vendor Credit

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Interest Paid On Loan/To Vendor

When You Run Batch Input Session
Interest Expense A/C
To Vendor/Term Loan A/C

When You Pay Interest
Term Loan/Vendor A/C
To Bank A/C

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Interest Earned On Load/ From Customer

When You Run Batch Input Session
Customer/Loan A/C
To Interest Revenue A/C

When You Receive Interest
Bank A/C
To Customer/Loan Given A/C

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Sale Of Asset To Customer With Loss Asset Value= Rs 1000, Depreciation Charged Value = Rs 50
1st Entry for Customer

Customer A/C Rs 800
To Sale Of Asset A/C Rs 800

2nd Entry for Back End Books

Accumulated Depreciation A/C Rs 50
Loss From Sale Of Asset A/C Rs 150
Sale Of Asset A/C 800
To Asset A/C 1000

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Sale Of Asset Without Customer With Loss Asset Value= $1000, Depreciation Charged Value = Rs 50

Accumulated Depreciation A/C Rs 50
Loss From Sale Of Asset A/C Rs 150
Sale Of Asset A/C Rs 800
To Asset A/C Rs 1000

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Sale Of Asset To Customer With Profit Asset Value= $1000, Depreciation Charged Value = Rs 50

1st Entry for Customer

Customer A/C Rs 1200
To Sale Of Asset A/C Rs 1200

2nd Entry for Back End Books

Sale Of Asset A/C  Rs 1200
Accumulated Depreciation A/C Rs 50
To Asset A/C Rs 1000
Profit From Sale Of Asset A/C Rs 250

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Sale Of Asset Without Customer With Profit Asset Value= Rs 1000, Depreciation Charged Value = Rs 50

Accumulated Depreciation A/C Rs 50
Sale Of Asset A/C Rs 1200
To Asset A/C Rs 1000
Profit From Sale Of Asset A/C Rs 250

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Asset Scrapped Without Revenue-Asset Value= Rs 500, Depreciation Charged Value = Rs 50

Accumulated Depreciation A/C Rs 50
Loss With Scrapping Of Asset A/C Rs 450
To Asset A/C Rs 500

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Asset 50% Scrapped Without Revenue-Asset Full Asset Value= Rs 500, Depreciation Charged Value = Rs 50

Accumulated Depreciation A/C  Rs 25
Loss With Scrapping Of Asset A/C Rs 225
To Asset A/C Rs 250