Accountancy, asked by jishanmansoori9804, 1 year ago

journal entry for gadi bhada diya

Answers

Answered by RohitSaketi
11
The Current transaction affects two accounts carriage account(it is a nominal account;all losses Gains income expenses come under nominal account;carriage is an expense),, Bank/cash account.. because carriage is paid in Cheque/cash ...(it is a Real account; all assets and Liabilities come under Real account; bank balance/cash balance is an asset) ..


The Three golden rules of accounting are....

Personal Account: Debit the receiver, credit the giver

Nominal account: Debit All expenses and losses, credit All incomes and gains

Real Account: Debit what comes in ,credit what goes out

In contention with the above rules...

carriage should be debited (it is a nominal account/its an expense)

Bank/cash account should be credited (it is a Real account/cash from bank is Going out)

The Journal Entry will be....

carriage a/c Dr xxxxx

To cash/Bank a/c. xxxx

(Being carriage paid)
Answered by sindhu2016sweety
0

माल विक्रय गाड़ी बढ़ा दिया ₹20 की एंट्री कैसे करें

Similar questions
Science, 7 months ago