We will simplify how to make journal entry records, debit- credit accounts, which accounts are assets and which are liabilities.

As we move further, we will make more complicated entries, so hurry up :)

Contents: (All with journal entry examples)

1)Cash Sale:Journal Entry for cash sale

2) Inventory Purchase :Journal Entry for Inventory Purchase

3) Fixed Asset Sale:Selling a fixed asset

4) Service Sale:Selling a service

5) Bank Loan Usage:Using a bank loan

6) Sales with Credit:Again we sell, but this time with credit(journal entry)

7)Collection:Collecting the receivable in example 7

8) Bad Debt:What journal entry do we do if we can not collect money?

9) Sales Discount:We make a sale with discount

10)Depreciation (Straight Line Method):Basic application of depreciation

11)Compound Interest:Compound interest over many years

12) Purchasing a fixed asset with interest rate:Paying the interest

13) FIFOmethod:Most popular cost calculation method

14)Weighted Average method:Important cost calculation method

15)LIFOmethod:Important cost calculation method

16) Sale with advance:Sale with advanced received previously

17) Bad Debt allowance:Directing bad debt to income statement

18) Calculating Inventory

19) Cost of Goods Sold (Journal Entry)

20) CalculatingInventory Turnover Rate:Ratio for inventories

21) Invesment in available for sale securities:Short term investment

22) Investment in another company (%20- %50):Investment that does not give you majority

23)Investment in another company (above %50):Investment giving you majority

24) General Ledger:Ageneral look

25)Depriciation (Declining balances):Second alternative depreciation method

26)Distribution of cash dividends: Distributing the profit to investors

27) Current Ratio

28)Leverage

29) Receivable Turnover Rate

30)Payable Turnover Rate.