Question

journal entry for cash paid​

Answer 1

Answer:

the journal entry will be

a ) if it's paid to a creditor :

Creditor a/c Dr XXX

To cash a/c XXX

b ) if goods are purchased for cash :

Purchase a/c Dr XXX

To cash a/c XXX

c ) or any other entry related to cash

Related matter a/c Dr XXX

To cash a/c XXX