Remitted to raman is the cash comes in or goes out.
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Answered by
28
cash Remitted to a Person means cash paid back to that person..
Remitted to raman involves "outgoing of cash"..
So cash goes out..
Remitted to raman involves "outgoing of cash"..
So cash goes out..
Answered by
10
Cash Remitted to Raman is recorded in the debit account of Raman, this is because the cash was paid back to Raman and he is the one who received the cash the account that remits Raman is credited since it is the one giving out the cash, This means that Raman is a creditor and the account remitting is the debtor.
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