Question

Shrinidhi Pays Rs 12,000 Cash (journal entries)​

Answer 1

Answer:

When cash and bank both are involved simultaneously in transaction , it is termed as contra entry

The journal entry will be

Bank a/c dr

To cash a/c

Bank is debited because personal a/c and bank is the receiver

Cash is credited because real a/c and cash goes out

Explanation:

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Answer 2

Answer:

Shrinidhi Pays Rs 12,000 Cash (journal entries)