Question

journal entry for donation paid in cash..​

Answer 1

Explanation:

Donation A/c.......dr

To cash A/c

(Being donation paid )

Answer 2

Journal entry

Explanation:

Given:

Paid donation in cash

                   Books of (---- Limited)

                          Journal entry

Date     Account Title and Explanation     Debit  Credit

             Donation                 A\c Dr.              xxx

              To cash \ bank       A\c                                xxx

(Being donation amount paid in cash or bank)

Note: Donation paid is an expense for business, all expenses must be debited.

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