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Accounting Voucher Entry
Sir I have paid a sum of Rs.80 in cash for labour licence renewal fees. please let me know the account head in which I debit the amount
Replies (3)
Labour licence renewal a/c dr 80
to cash a/c 80
or
Indirect expenses a/c dr 80
to cash a/c 80
to cash a/c 80
or
Indirect expenses a/c dr 80
to cash a/c 80
Thank You Sur !!
Expenses Increses - Debit
Asset Decreses - Credit
Follow the rule
Asset Decreses - Credit
Follow the rule
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