Paid for Transport Rs.1,000 to United Transport journal entry
Paid for Transport Rs.1,000 to United Transport journal entry
In the books of Mr. Anand.
DATE | PARTICULARS | L/F | DEBIT | CREDIT |
27. | Transport A/c Dr. To Cash A/c [Being paid for transport] |
| 1,000 |
1,000 |
Paid for Transport Rs.1,000 to United Transport:
Transport is an expense for the business therefore shown on debit side [Refer nominal account Formula] and cash is going out of the business therefore shown on credit side.
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