Question

Salary paid Rs 50000 to Ram by cheque

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Answer 1

This can be answered by following the below two principles:-

This can be answered by following the below two principles:-Debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit what comes in, credit what goes out.The journal entry shall be:-

Ram Chand A/c Dr. (Ram Chand is receiver of money)

Ram Chand A/c Dr. (Ram Chand is receiver of money)To Bank A/c (Money is going out)

Ram Chand A/c Dr. (Ram Chand is receiver of money)To Bank A/c (Money is going out)Normally, payment through cheque is treated as equivalent to payment via bank.

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Answer 2

Answer:

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Explanation:

Ram Chand A/c …. Dr

To Bank A/c

this is the right ans