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Type a transaction. Get the entry.

Write it the way it appears in your question. The journal entry appears as you type, with the reason for every debit and credit.

Furniture bought on credit

Who: RamAmount: ₹12,000Action: BoughtWhat: FurnitureHow: On credit
ParticularsDr ₹Cr ₹
Furniture A/c … Dr12,000
To Ram A/c12,000
(Being furniture purchased on credit from Ram)
Paid / received by:

Why each line is debit or credit

  • DrFurniture: Furniture is an asset coming into the business → debit. (Real account: debit what comes in.)
  • CrRam: The business now owes Ram — a creditor (payable), a liability → credit. (Personal account: credit the giver.)
  • ⓘ A supplier of an asset is a creditor too, so Ram is credited.
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How it works

The finder reads your sentence the way a teacher would: what happened (bought, sold, paid, received, withdrew…), what it was (goods, furniture, rent, a loan…), how (cash, bank, credit) and who. Then it applies the accounting rules to build the entry. It runs entirely on your phone — nothing you type is sent anywhere.

When the question leaves something open, it follows the textbook convention and tells you: “Purchased goods from Ram” with no mode means on credit; “Paid rent” with no mode means cash. Tap a different option to switch.

The rules behind every entry

  • Assets, expenses, losses and drawings increase on the debit side.
  • Liabilities, capital, incomes and gains increase on the credit side.
  • In the traditional (golden) rules: personal — debit the receiver, credit the giver; real — debit what comes in, credit what goes out; nominal — debit expenses and losses, credit incomes and gains.

Traps it catches

  • Income tax or life insurance of a sole proprietor is Drawings, not an expense.
  • Selling old furniture credits Furniture, not Sales.
  • Goods taken by the owner, given as charity or as free samples come out of Purchases at cost.
  • Cash taken from the bank for the office is a contra entry; for the owner’s personal use it is Drawings.

Learn the full method in Recording of Transactions I (Kerala) or the CBSE chapter.

A study aid, not a substitute for your textbook: it covers the transactions in Plus One and Plus Two accountancy and common business entries (no GST or company accounts yet). If an entry differs from your textbook’s answer, go with the textbook and tell us at hello@acescommerce.com.

By the ACES team · Last checked 6 November 2026