Question

Debit balance with Binod RS.50000.
journal entry plz​

Answer 1

Answer:

40000 is the answer ok

Explanation:

please mark me a brainlist

Answer 2

Answer:

The cash account is debited and Binod account is credited.

Explanation:

In this question, we have to describe the journal entry is assed when the debit balance with Binod. In the question, it is given that Binod has a debit balance of 50,000. As we know in the expenses the company account is debited and the company has a debit balance. On the other hand, if the company has a receipt the company account is debited and the other account is credited. The debit balance of the Bino means that he needs to give that amount to the company. From this it is clear that it is a receipt for the company. In the receipt the cash account is debited and the Binod account is credited.

Now we make journal entry:

Cash A/c     Dr      50,000

 To Binod                           50,000

(Being journal entry for debit balance of Binod is done.)

#SPJ3