Question

cash paid to ram on account​

Answer 1

Answer:

Explanation: Since Ram is a Debtor, on receipt of cash from Ram, Ram's A/c would be credited, as there is a decrease in Debtors which is an asset . When an asset is increased, the asset account is debited according to the Rules of Debit and Credit. So Cash A/c would be debited.

Answer 2

Ram A/C Dr.

To. Cash

(Being cash paid to Ram)

Debit the receiver(personal ac.)

Credit what goes out(real ac.)

• A journal entry is a detailed information about all the transactions of a business.
• It is used for future counseling of accounts and transfer of information to other official accounting records such as the general ledger.
• Journal is a subsidiary of the primary book of account that records transactions.