Advanced journal practice
BetaAdvanced Journal Entry Practice
Practise selected Partnership and Company Accounts journal entries step by step.
This beta checks journal entries only. Partnership and Company reports are not included yet.
Choose topic
Question
Share application money received
Company AccountsBeginnercompanyshare-applicationshare-issue
Prompt
The company received share application money of Rs.25,000 by bank. Pass the journal entry.
Hint
Application money is not Share Capital yet; credit Share Application.
Write one account per line. Use Dr. for debit lines and To for credit lines.
Common mistakes for this question
- Crediting Share Capital immediately.
- Debiting Share Application instead of crediting it.
Beta scope
What this beta does
- Checks selected Partnership and Company journal entries
- Gives score and feedback
- Shows correct entry and explanation
Not included yet
- No Partnership reports
- No Company reports
- No history/progress saving
- No AI checking
- No custom advanced transactions