Question

paid to Raju rupees 5000 in cash and rupees 7000 by cheque what will be its journal entry​

Answer 1

Explanation:

If we pay something in advance to someone, it becomes asset for the business. So payment to Ramu is an asset.

According to the modern rules of accounting, increase in assets is debited . So we have to debit Ramu's A/c by rs 5000

As the payment is made by cheque so our bank balance will decrease. Bank balance is an asset and decrease in assets is credited (according to the modern rules of accounting) . So bank account would be credited by rs 5000

So the entry becomes:

Ramu's A/C Dr. 5000

To Bank A/C 5000

MARK AS BRAINLIEST....

Answer 2

Explanation:

FOLLOW ME...

MARK HIM AS BRAINLIEST....