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Rupee's two thousand dew from two hundred bad dad's prepares journal entry?
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Rupee's two thousand dew from two hundred bad dad's prepares journal e...
Journal Entry for Rupee's Two Thousand Dew from Two Hundred Bad Dad's
When Rupee receives two thousand dew from two hundred bad dad's, a journal entry must be made to record this transaction accurately in the company's books. Below is a detailed explanation of how to prepare the journal entry:
Identify the Transaction
- Rupee received two thousand dew from two hundred bad dad's.
Debit and Credit Accounts
- Debit the Cash account to reflect the increase in cash due to the receipt of two thousand dew.
- Credit the Revenue account to record the income earned from the two hundred bad dad's.
Journal Entry
The journal entry would look like this:
| Account Title | Debit | Credit |
|---|---|---|
| Cash | 2000 | |
| Revenue | 2000 |
Explanation
- The Cash account is debited by 2000 rupees to increase the cash balance.
- The Revenue account is credited by 2000 rupees to recognize the income earned from the two hundred bad dad's.
By following these steps and accurately recording the journal entry, the company will have a clear record of the transaction involving Rupee's two thousand dew from two hundred bad dad's.
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Rupee's two thousand dew from two hundred bad dad's prepares journal entry?
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Rupee's two thousand dew from two hundred bad dad's prepares journal entry? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Rupee's two thousand dew from two hundred bad dad's prepares journal entry? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rupee's two thousand dew from two hundred bad dad's prepares journal entry?.
Rupee's two thousand dew from two hundred bad dad's prepares journal entry? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Rupee's two thousand dew from two hundred bad dad's prepares journal entry? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rupee's two thousand dew from two hundred bad dad's prepares journal entry?.
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