Accountancy, asked by lokares812, 1 year ago

what is the journal entry? receipt of Rs 500 from ram ​

Answers

Answered by Superwoman14
3

A journal entry, in accounting, is the logging of a transaction in an accounting journal that shows a company's debit and credit balances. ... The total of the debits must equal the total of the credits or the journal entry is considered unbalanced.

birupakshabirupaksha: He asked the journal entry of that transaction
lokares812: tell me the journal entry of this transaction
Superwoman14: oo
Answered by birupakshabirupaksha
6

Answer:

Cash A/C debit 500

To Ram A/C credit 500

(Being cash received)

Explanation:

lokares812: hey thank you so much
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