Question

Paid hari in cash pass the journal entries

Answer 1

Hari A/C  Dr  Rs. xxx

  To Cash A/C  Rs.xxx

(Being cash paid to Hari )

Answer 2

This transaction affects two accounts.. cash account (paid in cash) , Hari account (Paid to him)

The three golden rules of accounting are..

Personal account - debit the reciever, credit the giver

Real account - debit all the assets,credit all the liabilities..

nominal account - Debit All expenses and losses, credit All incomes and gains

Cash account is a real account (Asset)

Hari Account (reciever r; Personal account as the name suggests)


the Journal Entry will be..


hari account Dr ××××

To cash ××××

(being cash paid to hari)