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Journal entry

1.Journal entry In the books of S. Mr. S owes Mr. R â?¹1500 and, 2.journal entry in the books of R. Mr. S owes Mr. R. I have confusion in those transaction. Please help me out


Hari Krishna

Hari Krishna

CA Foundation

1K+

20-May-20 12:02

85

Answers (3)

1. Mr. R a/c Dr.. To Mr. S a/c 2. Mr. R a/c Dr. To Mr. S a/c Journal entry is same just the accounts are different


ruchi lahoti

ruchi lahoti

Moderator

20-May-20 12:41

Debit the receiver Credit the giver


Jashwanth S

Jashwanth S

CMA Inter

2K+

01-Jun-20 01:49

Jashwanth S

Debit the receiver Credit the giver

yes


ruchi lahoti

ruchi lahoti

Moderator

01-Jun-20 07:57

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