paid to ram by cheque 3200
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Ram Chand A/c …. Dr
To Bank A/c
[Being paid Ram Chand by cheque]
Ram Chand A/c Debit because Ram Chand is the (personal Account) and receiver.
Bank A/c Credit because Bank is the [Real Account] and money goes out of the bank.
Golden Rules:
Personal Account:
Debit the Receiver, Credit the Giver
Real Account:
What cames in Debit and what Goes out Credit
Nominal Account:
Expenses & Loss Debit, and Income, Profit Credit
I hope this answer helps you
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