Accountancy, asked by ibrahimattar927, 7 months ago

paid cheque for electrical fitting journal entry​

Answers

Answered by danishking61
3

Answer:

Three golden rules

Explanation:

  • Debit the reciever
  • Credit the giver
  • Debit what comes in
  • Credit what goes out
  • etc.

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Answered by pragathi566v
2

Answer:

electrical fitting a/c    dr

    to bank a/c

(paid cheque for electrical fitting)

Explanation:

as electrical fitting is an expense, we debit it, and as we pay it by cheque the bank a/c is credited

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