Journal Entry for Paid Advertisement of Rs.1200

The following journal entry should be made for the paid advertisement of Rs.1200:

Date | Particulars | L.F | Debit (Rs.) | Credit (Rs.)

Assuming that the payment was made in cash, the journal entry would be as follows:

Date: [Date of the transaction]

Particulars: Advertising expenses

L.F: Expenses

Debit (Rs.): 1200

Credit (Rs.): 0

Particulars: Cash

L.F: Cash

Debit (Rs.): 0

Credit (Rs.): 1200

Explanation:

The journal entry above records the payment made for the advertising expenses, which is a type of expense. When the payment is made, the advertising expense account is debited, while the cash account is credited. The debit entry increases the expense account, while the credit entry decreases the cash account.

It is important to note that the journal entry above assumes that the payment was made in cash. If the payment was made through other means, such as a bank transfer or credit card, the appropriate accounts should be credited instead of the cash account. Additionally, if the payment was made on credit, the accounts payable account should be credited instead of the cash account.

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