"ACCOUNTSBASICSQUESTION:--- I PREPARED ACCOUNTS BASICS WITH LIVE BUSINESS SCENARIO BASED ON BASED ONACCOUNTS BASISC PREPARE JOURNAL ENTRIES IN THE BOOKS OF SUPER CONSULTANCY BUSINESS..JOURNALISE THE FOLLOWING TRANSACTIONS IN THE BOOKS OF SUPER CONSULANCY BUSINESS..1. Peter Started Super Consultancy business Started with Cash--- 4,00,000 $2. Super consultancy business purchased SAP erp Software worth –25,000$3. Super consultancy business open hdfc bank for business operations purpose – 20,50,000$4. Super consultancy business issue a cheque for security deposit ..rent for the shoppurpose..25000$5. Super consultancy Business purchased fixed Assets Through Cheque (hdfc bank) – worth—87000$1. Cell Phone : 12,000 $ 2 Furniture and Fittings20,000 $3.Air Conditioner –30000$ 4.Electrical Fittings :--25000$ 6.Super Consultancy paid Security Deposit Through Cash –25000$7.Superconsutancy business purchase stationary from whie house on credit basis worth15000 $ Note:-.Many companies purchases stationary items on credit basis Coming on 7 th businessscenario superconsultancy purchase stationary on credit basis from white house 8. SUPER CONSULTANCY BUSINESS STARTS CONSULTANCY SERVICE TOAGREEDTO PROVIDE CONSULTANCY SERVICE WITHTECHZONEAgreed Price –70000 $Advance ---25000$Here in this scenario super consultancyAdvance taken 25000 $ from TechzoneACCOUNTS BASICS ACCOUNT:-Accounts is a summarized Statement of debit and credit. There are two parts ofEvery Account..The Left hand side of the part is called Debit side…And the Right hand side and part is known as credit side…ACCOUNTING DEFINITION:-Accountancy is an Art of classifying, Analyzing, Recording and summarizing atleast part of the available Financial information for the purpose of passing on the results of these exercises to the business Managers and to theManagement….TRANSACTION:- EventREAL WORLD BUSINESS SCNERAIO:? We can say general Business scenario now a days Android mobiles arepopular…more features more entertainment…so youngsters interested tovisit Mobile stores…in .Mobile stores salesman are avail …youngstersselectAndroid device Ask it the features of Android mobile devices…salesman to tell Advance features of latest Android device ….Nowgoogle launches latest version operating system software oreo 8.0…sellerto tell main features of Android software …youngsters Attract GoogleAndoidoreo 8.0 features interested to purchase …? In this real world example two parties are involved buyer and seller….? Youngster plays a buyer role to purchase android device to give money toseller here purchase Transaction Happens….Cash goes out youngsterhand ...youngster to receive android product ….Through cash…? Mobile Stores salesmanplaysa seller rolesalesman to receive money…cash comes in….salesman hand …product goes out salesman hand.. "