Question

paid for advertising in cash

Answer 1

Advertising Expenses A/C    Dr    Rs.xxx

     To Cash A/C   Rs.xxx

(being advertisement expenses paid in cash)

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Advertisement expenses A/c - Nominal A/c , its the expense of the company therefore its debited

Cash A/c - real A/c , money goes out of the company therefore its credited

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Journal entry

Advertisement Expenses A/c        Dr     

              To    cash A/c                      

(being Advertisement expenses paid )