journal entery for paid to raju amount 2000
snigdha53:
Cash A/c ......... Dr. 800 , To commission A/c 800 , (Being commission received )
( To )will come in the down sentence with the commission like first one.
yeah i know
ok
sis I have answered his question
but by cash is not written in question then what will be the statement
Oooo bro.
Where the word 'paid' and 'received' is mentioned are to be treated as cash transaction
ok
: )
Answers
Answered by
4
Explanation:
golden principles of accounting .
personal account rule
dr- the receiver.
cr- the giver.
real account rule
dr- what comes in.
cr- what goes out.
nominal account rule.
dr- all expenses and losses.
cr- all incomes and gains.
the journal entry will be.
raju a/c dr 2000
to cash a/c 2000
( being cash paid to raju)
here raju a/c is debited because he is the receiver of money.refer personal account rule.
here cash a/c is credited because cash is going out of the business. refer real a/c rule
Answered by
2
Answer:
Raju A/c ......... Dr. 2000
To Cash A/c 2000
(Being cash paid to Raju.)
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