Cash received from Ram on behalf of Shyam Rs. 5,000. Pass necessary journal
entry.
Answers
Answered by
32
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
Answered by
4
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.
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