Cash paid to hema traders journal entry
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Hema traders A/c Dr
To cash A/c
because as per the rule cash is real account. So the rule is debit what comes in and credit what goes out. So here the cash is going out so it should be credited. So if the cash is credited so automatically Hema trader's will be debited
To cash A/c
because as per the rule cash is real account. So the rule is debit what comes in and credit what goes out. So here the cash is going out so it should be credited. So if the cash is credited so automatically Hema trader's will be debited
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Explanation:
paid cash to m/s vaneet traders
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