Journal Entry Library
45 ready entries: sales, purchases, expenses, assets, loans, GST set-off and year-end — with the GST and report effect.
10 guides · read in order or jump to what you need
01
TDS accounting entries for payer and receiver
The journal entries for deducting, depositing and claiming TDS, with Hisab Central steps.
02
GST accounting entries: sales, purchases and monthly set-off
How GST moves through your books, from the invoice to the GST payment.
03
Reverse charge (RCM) entries
When you, the buyer, pay GST instead of the supplier: the entries and the timing.
04
Salary and payroll entries with PF, ESI, PT and TDS
The monthly entries for salary, deductions and employer contributions.
05
Loans, EMI and interest entries
How to record a business loan, split each EMI, and show the loan in the Balance Sheet.
06
Import purchase entries: customs duty and IGST
How to record an import so stock cost is correct and IGST credit is claimed.
07
Journal entries: sales, receipts and returns (12 situations)
Ready entries for cash and credit sales, customer payments, TDS deducted by customers, advances, returns and discounts, with the GST and report effect of each.
08
Journal entries: purchases, expenses and payments (12 situations)
Entries for GST purchases, returns, freight under RCM, contractor and rent payments with TDS, blocked credits and advances.
09
Journal entries: capital, fixed assets and loans (11 situations)
Starting capital, drawings, buying and selling assets, depreciation, loans, EMIs and interest with TDS.
10
Journal entries: GST set-off, year-end adjustments and losses (10 situations)
Monthly GST set-off and payment, interest on late GST, outstanding and prepaid items, provisions, closing stock, stock loss and rectification.