Question

Write the journal entries.

1.) Cash received from Ram in advanced.

2.) Cash payed to Ram in advanced.​

Answer 1

Answer:

1- Cash A/c.Dr

To Ram A/c

2- Prepaid cash A/c Dr.

To Ram A/c.

Step-by-step explanation

The answer for the journal entry will be as :

1- Cash a/c Dr.

To Ram a/c

Since Ram is recieving the money from cash account.

2- Prepaid Cash a/c Dr.

To Ram a/c

Cash is being debited to Ram in advance

*Debit what comes in Credit what goes out*