Question

Cash received from Ram on behalf of Shyam Rs. 5,000. Pass necessary journal
entry.​

Answer 1

Cash A/c Dr. 1000

To Shyam a/c 1000

(being cash received from ram on behalf of shyam)

because ram account will not be created in books and receivable from ram was received and so, shyam a/c to be credited and close shyam a/c.

ᴩʟᴢᴢ ᴍᴀʀᴋ ᴀꜱ ʙʀᴀɪɴʟɪᴇꜱᴛ

Answer 2

Explanation:

Cash A/c Dr. 1000

To Shyam a/c 1000

(being cash received from ram on behalf of shyam)

because ram account will not be created in books and receivable from ram was received and so, shyam a/c to be credited and close shyam a/c.