Question

Paid ram 11400
He allowed discount 600
Identify cr Dr

Answer 1

heyyaa,,,
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Paid ram 11400
He allowed discount 600
Identify cr Dr.
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Ram will be debited by 12000
cash will be credited by 11,400
discount will also be credited by 600.
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Hope it helps ☺☺☺
thank you................

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

Ram A/c - Personal account , hes the creditor and payee where he receives cash from us , hes the receiver thus its debited .

Cash A/c- Real A/c , money Goes out of the company therefore its Credited

discount received A/c- Nominal A/c , its a indirect income to the company or gain to the company therefore its credited .

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