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?
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Replies (2)
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₹
Thanks a lot😊
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