Question

Cash paid to Ram 15000... How will be this treated in final accounts? ​

Answer 1

Answer:

Explanation:

I understand that Cash paid to Ram Rs.15000.00 is given in the adjustments as such.

we will

1. Deduct from the Cash balance with Rs. 15,000.00

2. Ram account will be reduced with Rs.15000.00

means that we did not account for this entry and located while preparing the final accounts.

If it looks difficult, journal entry be prepared and then add/deduct the amount in the respective accounts.

Entry will be

Ram A/c Dr  Rs.15000.00

To Cash               Rs.15000.00