Question

journal entry paid to Sham​

Answer 1

Sham A/c Dr. XXXX

to Cash /Bank A/C. XXXX

(Paid to Sham)

Answer 2

Paid to Sham

Explanation:

                              Books of (----Limited)

                                   Journal entry

Date        Account Title and Explanation     Debit   Credit

                   Sham                     A\c Dr.             xxx

                  To   Cash/Bank               A\c                        xxx

             (Being amount paid to sham from cash or bank)

Note: Sham is a creditor for the firm . So sham's account will be debit to close his account.

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