Question

salary paid to Mr. Bharat with cash 60,000. ( Define it, journal entries from Accounting) ​

Answer 1

Explanation:

In the 1st entry bank is debited as it is an asset which is increasing for the business. Debtors/receivables is also an asset but is decreasing as less is owed to the business. So this account is credited. In the 2nd entry we show that bad debts is recorded as an expense (debit).

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