Hi guys! just want to ask if where do we record cash investments and cash withdrawals in 5 special Journals?
if the transaction is Paid an account in full 5,000. Issued check no.020. What will be the entry in cash disbursement journal?
It is only cash journal as far as I know. Since cash is real account, debit what come in and credit what goes out. So I’m on the credit side of the journal, enter, By cheque 5,000₹
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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