Question

pass entries (journal):

Jan18 Paid general expenses RS 11,000​

Answer 1

Jan 18. General Expenses A/c. Dr.... 11,000

To Cash A/c. 11000

[Being general Expenses

paid]

Answer 2

Answer:

Jan, 18. Expenses  a/c     (Dr) Rs. 11,000

                                To Cash  a/c              Rs. 11,000

             (Being paid general expenses)

Explanation:

Increase in expenses wil be debited

Decrease in Asset(Cash) will be credited

According to Modern Approach of Accounting, there are five classes of accounts

(1) Assets

(2) Expenses

(3) Liability

(4) Owner Equity(capital)

(5) Revenue(income)

Rules for Debit and Credit (According to Modern Approach)

Assets & Expenses -----> + Debited

Assets & Expenses ----->  - Credited

Liability, Owner Equity & Revenue -----> + Credited

Liability, Owner Equity & Revenue ----->  - Debited