Question

assertion (A): when cash paid to ram Ram's A/C will be debited and cash account will be credited Reason (R): golden rule for personal account -debit the receiver and credit the giver​

Answer 1

Assertion and reason both are true. The reason is the correct explanation of the assertion.

Explanation:

• When we will pay the amount to Ram.  
• We will debit Ram’s account and we will credit the bank or the cash account.
• This is because we follow the rule of accounts.
• We debit the receiver and credit the giver.
• Here Ram receives the amount so he is the receiver, and Bank or cash is the giver. Hence, we have credited that account.
• Therefore, Assertion and reason both are true. The reason is the correct explanation of the assertion.