Question

sold news paper and received a sum of rs. jornel entrys?​

Answer 1

♡ Solution ♡

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➲ In the given case, earning received by selling news papers are termed as miscellaneous income.

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Following the rules of debit and credit ...

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⠀⠀⠀⠀⠀⠀⠀⠀⠀Journal Entry

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Cash A/c ⠀⠀⠀⠀⠀..Dr

⠀⠀To Miscellaneous income A/c

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⠀(Being the newspaper sold and received a sum of Rs. )

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Golden rules used here :-

1. Debit what comes in.
2. Credit what goes out.

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