Question

What is the journal entry for :cash received from bikramjeet on behalf of suhag 10,000

Answer 1

cash a/c debit

Bikramjeet a/c credit

hope it helps. : )

Answer 2

Bank A/c….Dr      10000

To Bikramjeet                   10000

(Being money received from Bikramjeet on behalf of Suhag)

Explanation:

Here in this particular question we are getting cash of rupees 10000 from Bikramjeet. Since he is a creditor and creditors are a current liability we will debit Bikramjeet's account because when creditors decrease we'll debit all credit nature items and when they increase we will credit them that is the basic rule of accounting.

We are creating discount as we are getting an indirect income of hundred rupees and cash created due to the fact that cash is an asset and when assets decrease we credit them. Here the biggest difference is that we are receiving it on behalf of Suhag.  

Learn more on journal entry

Journal entry of  opened a current account in bank of baroda by depositing Rs 75000.

https://brainly.in/question/4882108

Journalise the following trasaction :- Purchased goods from Rajesh list price Rs. 10,000 valued at Rs. 9,000

https://brainly.in/question/4933640