Paid to Rahul on behalf of sanjay rs 1000 will be debited to
Answers
Answer:rahul a/C dr
Explanation:
Answer:
Paid to Rahul on behalf of sanjay rs 1000 will be debited to Sanjay's Account
Explanation:
As per Golden rule of Accounting.
Debit, the receiver (the person who received the amount is to be debited)
Credit, the giver (the person who give the amount is to be credited)
In this case, Sanjay is belong to enterprise transaction, Rahul has not any link with enterprise transaction.
quantity acquired by using Rahul in vicinity of Sanjay.
This amount is belong to Sanjay.
So enterprise will debited to Sanjay because Sanjay is a receiver and the person who is receiver is to be debited as in keeping with golden rule of Accounting.
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