Paid to Urmila Rs.20,000 on behalf of Sharmila journal entry
Paid to Urmila Rs.20,000 on behalf of Sharmila journal entry
In the books of Mr. Anand.
DATE | PARTICULARS | L/F | DEBIT | CREDIT |
30 | Sharmila A/c Dr. To Cash A/c [Being cash paid to Urmila on behalf to Sharmila] |
| 20,000 |
20,000 |
Paid to Urmila Rs.20,000 on behalf of Sharmila: Sharmila is receiving the cash on behalf of Urmila therefore sharmila account is debited to debit side and proprietor is paying cash therefore Cash account is credited to credit side [Refer personal account Formula].
Comments
Post a Comment