Question

received cash from karunanand​

Answer 1

Answer:

Cash accounting is an accounting method in which payment receipts are recorded during the period they are received, and expenses are recorded in the period in which they are actually paid. In other words, revenues and expenses are recorded when cash is received and paid, respectively. Cash accounting is also called cash-basis accounting.

Answer 2

karunanand A/c ........Dr

To cash A/c.