Answer Posted / naveen
Real a/c means : where all assets,cash,bank are recorded
debit what comes in
credit what goes out
eg: furniture purchased
furniture a/c dr xxx
to cash a/c xxx
so here furniture is comming debited and cash going out credited
| Is This Answer Correct ? | 13 Yes | 1 No |
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What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
i am normally accountant. i am not a CA. then i learn a account maintain
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pls let me know double entry of 'LEASING"
