General Journal Entry

For the recording of adjusting and closing entries in Peachtree software we can use GENERAL JOURNAL ENTRY. For this purpose we have to open Peachtree software and click on TASK we have this window on our screen.

When we click on GENERAL JOURNAL ENTRY we have another window on our screen

As we can see the above window in this window we can enter entries. For this purpose we have to give some necessary information in this window which is

·        Date.

·        GL Account.

·        Description.

·        Amount which have to be debited.

·        Amount which have to be credited.

We will enter the data or pass an entry in such a way.

For example we have to pass an entry of depreciation expense for rupees 10000. The entry will be

Depreciation expense 10000            Debit

Accumulated dep          10000           Credit

When we enter this information in Peachtree first of all we enter date, GL account, description and then the amount which have to be debited or credited after entering this entry we have window on our screen which is mention below.

 

NOTE:

In description we have depreciation expense the reason of this is that in description we don’t write the we just have to tell that what the entry is about.