Accounting Entries Library
Explore practical accounting journal entries for everyday business
transactions, financial reporting, and period-end adjustments.
Each category explains the business situation, debit and credit
entries, and the accounting logic behind them.
Select a category to explore practical journal-entry examples.
The examples are simplified for learning purposes. Actual treatment
depends on the transaction, entity type, applicable accounting
framework, and company policies.
Core Accounting
Common transactions used in day-to-day bookkeeping.
Accounts Payable
Supplier invoices, advances and payments
Accounts Receivable
Customer invoices and collections
General Ledger
Journal entries and ledger adjustments
Cash and Bank
Receipts, payments and bank transactions
Intercompany Accounting
Transactions between group companies
Equity and Owner’s Transactions
Capital contributions and drawings
Assets and Inventory
Asset purchases, inventory movements, depreciation and manufacturing.
Period-End Accounting
Adjustments, reconciliations and financial reporting.
Financial Statement Closing
Closing adjustments and account balances
Financial Statement Preparation
Adjustments and reporting checks
Prepayments and Accruals
Expenses and income across periods
Bank Reconciliation
Bank statement and ledger differences
Provisions and Contingent Liabilities
Obligations, estimates and provisions
Impairment and Bad Debts
Receivable losses and asset impairment
Special Transactions
Foreign currency and other specialised accounting scenarios.