Received Rs.5,000 from Ram on behalf of Bharat.




 2019 May 

Received Rs.5,000 from Ram on behalf of Bharat Journal Entry

DATE 

PARTICULARS 

L/F 

DEBIT 

CREDIT 

2019 

May, 

1 

Cash A/c                          Dr. 

          To Ram A/c  

[Being received cash from ram on behalf of Bharat]  

 

5,000 

 

5,000 


Received Rs.5,000 from Ram on behalf of Bharat. Cash account debit to Ram account because cash is coming into Business and Ram is paying the cash on behalf of Behalf of Bharat. [Refer Personal Account Formula].


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