Question

Cash paid to ram Rs 15 , 000

Answer 1

Let Me Explain in Detail

Answer:

Journal

Ram A/c Dr. 15000

To Cash A/c Cr. 15000

(Being Cash Paid To Ram)

Accounting Equation

Debtor: (+15000)

Cash: (-15000)

Explaination for Journal:

In This Cash is Paid To Ram. So For Ram account Cash comes in and in Your Cash Account cash Goes out. Do You Know What Debit and Credit are?

Debit:

Money Comes In

Credit:

Money Goes out

So From Above We Know That Ram is Debtor and Your Cash Account is Creditor.

Explain For Accounting Equation:

Since Money Goes to Debtor, the Debtor Column in Accounting Equation Gives rise to Rs.15000 and From Cash Account Cash goes out. So, Cash Column in Accounting Equation Decreases For Rs.15000

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