Create General Jouranl

Journal Entry for the Capital Introduction

The capital introduction transaction is shown in the accounting records with the following bookkeeping entries:

Account	Debit	Credit
Bank	2,00,000
Capital RN		50,000
Capital HK		50,000
Capital RK		50,000
Capital SK		50,000
Total	2,00,000	2,00,000
Capital Introduction Journal Entry

·         Create the GenJrn Journal.

·         Create the journal lines and post the journal.

1.     Create the GenJrn Journal.

a.     Click General ledger, click Journal entries, and then click General journals.

b.     Click the New button to add a line.

c.     In the Name field, click the arrow to select GenJrn.

d.     In the Journal batch number field, accept the system default.

e.     In the Description field, add Capital Introduce to the auto-filled Description of General Journal.

2.     Create the journal lines.

a.     Click the Lines button.

b.     In the Date field, enter xx/xx/xxxx.

c.     In the Account type field, select Bank.

d.     In the Account field, enter Select Bank Account.

e.     In the Description field, enter Depreciation.

f.      In the Debit/Credit field, enter Enter Amount.

3.     Validate and post the journal.

a.     Click Validate

b.     Click on Post.

4.     Inquiry and reports.