_____ the account of the person who receives something in the form of goods or cash.
Debit
Credit
Both a & b
None of these
Received cash for a Bad debt written off last year Rs 7500 on 18th January - 2004. Find out the Journal entry.
Bad debts recovered A/c Dr 7500 To cash A/c 7500
Cash A/c Dr 7500 To Bad debts recovered A/c 7500
Bad debts A/c Dr 7500 To Namish A/c 7500
None of the above
March 20, 2004 – Returned goods from Jaleel Rs 5000 – from this transaction Identify which account is to be debited.
Purchase return
Sales return A/c
Jaleel A/c
Sales A/c.
March 15, 2004, - cheque received from santhosh Rs. 30,000 and immediately balanced – Identity which account is to be credited.
Bank A/c
Santhosh A/c
Cash A/c
Received cash from Ram lal from this transaction which account will be credited ?
Cash
Ram lal
Goods
The proprietor may withdraw certain amounts from the business to meet personal use is called
Capital
Drawings
Asset
Liabilities
January 31, 2004 Saravanan withdrew for personal use Rs. 29,000. Identify which account is to be debited.
Drawing A/c
Saravanan A/c
