Accountancy, asked by balaguruvenki196, 7 months ago

journal entry for paid cash for miscellaneous expenses

Answers

Answered by nehaimadabathuni123

0

Answer:

Miscellaneous expenses belong to nominal accounts since they are expenses. Cash belongs to real account since they are assets. Accounting to golden rules of nominal accounts, all expense and loss should be debited and for real account, debit is what comes in and credit is what goes out.

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