Paid carriage on purchase of goods Rs. 150
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Answer:
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Carriage inward A/c … Dr
To Cash / Bank A/c
[Being the carriage paid purchased goods]
Carriage inward A/c debit because the Carriage inward paid, so, this is one type of expense and expense are also debit. Based on the Debit and Credit or Golden Rules.
Cash A/c is assets and assets is (Real Account). Therefore Cash A/c Credit because of Cash a/c goes out, and any types of assets go out is credit based on the Debit and Credit Rules.
Note:
Carriage inward - Nominal Account - Expense - Dr
Cash - Real Account - Goes out - Cr
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