Accountancy, asked by mukta242020, 16 hours ago

rajesh made the payment on account Rs 10,000.Journalise​

Answers

Answered by siddharth6395
0

Answer:

Business transactions of financial nature are classified into various categories of accounts

such as assets, liabilities, capital, revenue and expenses. These are debited or credited

according to the rules of debit and credit, applicable to the specific accounts. Every

business transaction affects two accounts. Applying the principle of double entry, one

account is debited and the other account is credited. Every transaction can be recorded

in journal. This process of recording transactions in the journal is’ known as ‘Journalising’.

In small business houses generally one Journal Book is maintained in which all the

transactions are recorded. But in case of big business houses as the transactions are

quite large in number, therefore journal is divided into various types of books called

Special Journals in which transactions are recorded depending upon the nature of

transaction i.e. all credit sales in Sales Book, all cash transactions in Cash Book and so

on.

Explanation:

hope it helps

please mark me as brainliest

Answered by ameen594594
1

Explanation:

cash a/c Dr. 10000

to Rajesh a/c. 10000

Similar questions