Question

cash received from mahesh what is debit and what is credit and which accounts is these​

Answer 1

Debit: A debit is an accounting entry that creates a decrease in labilities or increase in assets

Credit: Credit is total amount of funds a person or business can borrow from a financial institutions

Explanation:

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Answer 2

Answer:

Explanation:

Cash a/c dr amt

  To mahesh a/c amt

( cash received from

mahesh)

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debit cash a/c (what we received)

credit mahesh a/c ( giver)