Accountancy, asked by riyabhavsar, 11 months ago

paid to urmila rs 20,000 on behalf of sharmila

Answers

Answered by MyStudyGear
35

If Urmila paid= rs 20,000

then behalf of Sharmila= 10,000

Answered by JackelineCasarez
11

i). Urmila a/c Dr. 20000

                           To cash. 20000

 ii). sundry debtor a/c. Dr. 20000

                      To Sharmila a/c. 20000

Explanation:

  • Journal entry is described as the chronological record of day-to-day payments.
  • In the given situation, two journal entries need to be passed in order to pay to debtor Urmila on behalf of Sharmila.
  • Firstly, the Cash account would be credited as the money goes out to Urmila, and later, Sharmila's account is credited as the amount goes out to the debtor's account.

Learn more: Journal Entry

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