WHAT IS JOURNAL

An accounting teacher knows, "How to pass the journal entries?" Now, by his teaching, he has to bring this talent in their students. For this, he learn the best way to teach journal entries. Final result will come when student will able to pass the correct journal entry of any transaction. In this article, you will learn this teaching steps and guidelines which you have to follow.

• To Explain the Importance of Journal Entries. When accounting teacher will explain the importance of journal entries, his students will surely motivate. They encourage to learn the steps to pass the journal entries. He has to teach that journal entries will help them to record all the transactions scientifically. They can save from stress due to remembering all the transactions. For example, 3 years, ago, we bought a useless asset which we have forgotten. But our balance sheet shows this useless asset. So, we can decide to sell this useless asset and increase our cash fund but do you know what is the original base of balance sheet. Only journal entries are the base because we can not make balance sheet from transactions but we convert transactions first in journal entries, then in ledger accounts and then on this basis, we make balance sheet. All most all the accounting software will make automatically ledger accounts and balance sheet but we must pass the journal entries or voucher entries.
• To Teach Debit and Credit. In journal entry, we debit one account and credit other account on the basis of double entry system. There are three rules of double entry system. a) Debit the receiver  and credit the giver b) Debit what comes and credit what goes out. c) Debit all the expenses and credit all the incomes. a) Rule applies on personal accounts, b) rule applies asset account c) rule applies on nominal accounts. 

• Create a Personal Journal. Students love the things which effect their personal life. Take the example of a student and try to write his personal transactions. For example

        a) A student get pocket money of Rs. 400 from father. This is the income resource of student. So, cash account debit (what comes in) and pocket money will credit (income) in his personal journal. 

        b) A student has bought a bike of Rs. 60,000. For this, he taken loan from his uncle. So, bike account will debit (what comes in ) and uncle loan account credit (who is giver)

• To Teach Journal Entries Examples. When you teach the student different journal entries example, you student will learn everything about journal entries. This is best way and we have made its resource at here. 

• Summarize Your Teaching Instruction. You should give the power to your student after everyday teaching of journal entries. You should check what they learn from you.