Accountancy, asked by thakurdharma24, 7 months ago

paid octroi and cartage​

Answers

Answered by sangeetadas59023
14

This transaction affects two accounts 

cartage account (expenses met) and cash account(Paid in cash)

The Three golden rules of accounting are

Personal Account - Debit the receiver, credit the giver

Real account - Debit what comes in, Credit what goes out 

Nominal account - Debit All expenses and Losses, credit All incomes and gains 

cartage is a nominal account ; expense should be debited 

cash is a real account ; It is Going out..hence should be credited 

So the Journal Entry will be 

Cartage account Dr xxxx

To Cash account ××××

(being cartage Paid)

Answered by dhilapeen47
3

Answer:

സബ്സ്ക്രൈബ് issisissiisssiss

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