journal entry paid for fuel rs.8000
Answers
3 golden rules
3 golden rulespersonal accounts - debit the received and credit the giver
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes out
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gains
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gainsas per the question 2 accounts affect purchase account and Cash account
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gainsas per the question 2 accounts affect purchase account and Cash accountPurchase account - Nominal account
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gainsas per the question 2 accounts affect purchase account and Cash accountPurchase account - Nominal accountcash account - real account
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gainsas per the question 2 accounts affect purchase account and Cash accountPurchase account - Nominal accountcash account - real accountby applying the golden rules ,
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gainsas per the question 2 accounts affect purchase account and Cash accountPurchase account - Nominal accountcash account - real accountby applying the golden rules ,payment for petrol is expenses therefore its debit . cash is real account which goes out of business therefore its credit .
3 golden rulespersonal accounts - debit the received and credit the giverreal accounts -debit what comes in and credit what comes outnominal accounts - debit all the expenses and losses, credit all the income and gainsas per the question 2 accounts affect purchase account and Cash accountPurchase account - Nominal accountcash account - real accountby applying the golden rules ,payment for petrol is expenses therefore its debit . cash is real account which goes out of business therefore its credit .Journal entry
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Petrol or fuel charges A/c Dr
Petrol or fuel charges A/c DrTo Cash A/c
Petrol or fuel charges A/c DrTo Cash A/c(Being paid for petrol)