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pdf journalising of household transactions for a month
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Post: #2
Journal is the first point of recording transactions. Only transactions involving money, which are recorded in the journal. There are many types of domestic transactions that can be financially and non-financial.
Payments for gas cylinders include cash payments. Purchase A / C is debited and the cash goes to an existing asset (real account gold principle) which is credited.
Buying a dining table - making cash payments and furniture come
Grocery Shopping Online - Bank Transactions
Non-financial transactions like giving pocket money - In cash - Son / daughter is included in the cash but is within the house, so it can not be reporter. But the same Pocket Money deposited in their bank account involves payment through the bank and they will be reprinted.
Journal entries, monthly expenses, paybs and total expenditure on a certain items will also appear for one month.
 

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