Journal entry

Accountancy

On 3rd October why we are debiting Rita a/c . In fact we are settling bank , so we want to debit bank a/c right? [Video Time Stamp: 11:06] Video Details ------------- Accounting - CA Foundation (New) Bill Of Exchange and Promissory Notes #15. BoE: Insolvency - RIta & Siriman

SriVidhya M S

CA Foundation

★ 450

11-May-26 15:57

Answers (1)

We are paying the money to bank. So money goes out - Credit Bank. The amount has to be recovered from Rita - So Debit Rita

CA Suraj Lakhotia

Admin

12-May-26 10:24