Question

Ramrao owned Rs.1100 to hiralal
help please
Journal Entry
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Answer 1

Explanation:

Cssh. 1100

To Hiralal. /1100

Answer 2

Answer:

In the books of Ramarao

1. Purchases A/c / Cash A/c ...Dr. 1,100

To Hiraral 1,100

(Hiralal is creditor)

2. Hiralal A/c .....Dr. 1,100

To Cash A/c 1,100

(If Cash is paid to Hiralal)

In the books of Hiralal

1. Ramarao .....Dr. 1,100

To Sales A/c / Cash A/c 1,100

(Ramarao is debtor)

2. Cash A/c .....Dr. 1,100

To Ramarao 1,100

(If the amount is received from Ramarao)

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