Answered

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received cash from Rajesh rs 30000 was ommited to post in cash account rectify after preparation trial balance ​

Sagot :

Parrain

Answer:

Date              Account title                              Debit                         Credit

XX-XX-XX    Cash                                      Rs 30,000

                       Account Receivable - Rajesh                               Rs 30,000

Rajesh is a Receivable so when they pay, reduce the amount they owe by the amount they paid. Doing so would mean crediting their account.

The Cash account will be debited to show that Cash was received because assets like cash are debited when they increase.

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