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Journal entry

Accountancy

Please can someone explain this journal entry by modern approach... Advance (say travelling )₹5000 given to rajiv

Aakash Raavi

CMA Inter

★ 320

04-Mar-23 13:08

362

Answers (2)

What i didn't understand. Say the answer properly bro

Thread Starter

Aakash Raavi

CMA Inter

★ 320

04-Mar-23 15:14

Prepaid expense A/c Dr To cash a/c Prepaid expense is asset: so debit increase in asset Cash in going out here ie decrease in asset, so credit decrease in asset

nazriya nasar

CA Final

★ 7K+

04-Mar-23 16:40