Answer / lakshmi

cash A/c Dr
To bank A/c

Answer / bal reddy

cash A/C...Dr
To party a/c

Answer / megharaaj

If it is a cash receipt, we have to pass receipt entry,
crediting party of payee, and debit cash book

Answer / sameerkhan

cash A/c Dr
To bank A/c

Answer / pravin.kamble425@gmail.com

We must determine the question asked, it is clearely asked
that what is the entry for Cash received. In business point
of view the first way when we received the cash either
selling some goods or servies to the customer, then other
ways can be, 1) borrowed from bank, 2)Borrowed from
Partner, etc.
So I believe the entry should be for first way of receiving
cash is..

Cash A/c ......................Dr.
To Goods sold / Party A/C .....Cr.

Since Cash is the real a/c, so real a/c rule is debit what
comes in & credit what goes out. So according to this rule
the above entry should be passed. So in this way we must
debit the cash a/c when we actually receive the cash &
credit to next concern a/c for which transaction you
received the cash.

Answer / mukesh kumar

this is not a journal entry we pass receipt entry for cash
receiving, & the entry make:

Cash A/c Dr.
To Party / sale / bank ...A/c

Answer / vamsi

cash a/c DR
TO x a/c
(being ........)

Answer / rabindra nayak

This is not entered by journal
because Cash Or Bank are not involve in journal entries
so this transaction will entered By receipt Voucher

Cash A/c xxx Dr
Party/Bank xxx Cr

Answer / sohail mushtaq

cash a/c (Dr)
account receivable

Answer / shalaka chavan

Cash A/C xxx Dr.
Party A/C xxx Cr.

8. why the debit balane of p&l a/c shows in asset side of balancesheet

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