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Cash at bank Rs 15000 |
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Answer» Cash COMES under the head Real Account and the Golden Rule for Real Account is :“ Debit what comes in” & “Credit what goes out”Bank comes under PERSONAL Account and the Golden Rule for Personal Account is :“Debit the Receiver” & “Credit the Giver”Sales is a source of revenue/income generation and comes under NOMINAL Account. The Golden Rule for Nominal Account is :“Debit all Expenses & Losses” & “Credit all Incomes & Gains.So therefore, journal entry for Cash Sales of ₹15000 will be :-Cash A/c…… Debit(cause when we sell in cash, cash comes Into the business and therefore Debited) |
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