UPSC EPFO 2026 Accounting ✅️| Journal Entries from Basics | Debit & Credit Explained

UPSC EPFO ACCOUNTING SERIES | LECTURE 4 Welcome to Lecture 4 of the UPSC EPFO Accounting Series! In this lecture, we officially start Journal Entries — one of the most important and fundamental topics in Accounting. If Debit aur Credit dekhte hi confusion hota hai, don't worry! In this lecture, we'll understand everything step-by-step in simple Hinglish, with practical examples and exam-oriented questions. 📚 In This Lecture, You’ll Learn: ✅ What is a Journal? ✅ Book of Original Entry / Prime Entry ✅ Meaning of Debit & Credit ✅ Types of Accounts ✅ Personal Account ✅ Real Account ✅ Nominal Account ✅ Golden Rules of Accounting ✅ Debit the Receiver, Credit the Giver ✅ Debit What Comes In, Credit What Goes Out ✅ Debit Expenses & Losses, Credit Incomes & Gains ✅ Cash Purchase vs Credit Purchase ✅ Cash Sale vs Credit Sale ✅ Purchase of Goods vs Purchase of Asset ✅ Salary, Rent & Commission Entries ✅ Important Journal Entry Tricks ✅ UPSC EPFO Exam-oriented MCQs ✅ Rapid Revision ✅ Practice Homework 🧠 Golden Rules of Accounting Personal Account: Debit the Receiver Credit the Giver Real Account: Debit What Comes In Credit What Goes Out Nominal Account: Debit All Expenses & Losses Credit All Incomes & Gains 🎯 Important for UPSC EPFO This lecture is especially useful for aspirants preparing for: UPSC EPFO EO/AO UPSC EPFO 2026 EPFO Accounting Accounting for Competitive Exams Accounting Beginners Journal Entries are the foundation for understanding Ledger, Trial Balance and Final Accounts, so make sure you understand the logic rather than simply memorising the rules.👍 Like the video 🔔 Subscribe for upcoming UPSC EPFO lectures 💬 Comment your answers to the homework questions! #UPSCepfo #EPFO #Accounting #JournalEntries #UPSCEPFO2026 #EPFOEOAO #AccountingBasics #UPSCPreparation #EPFOPreparation