Answer / prakash v kanade

Cash account is debited when cash is received and the
credited when paid with corresponding person's account
credited or debited respectively. This is on the
assumption that sale or purchase invoice is generated and
accounted on a previous date.

Answer / ravi

purchase a/c ...........dr
to cash a/c.........cr
(it is cash payment)

cash a/c............dr
to sales a/c.....cr
(it is cash receipt)


ravi

Answer / satyaki_raju@yahoo.com

cash is an asset and its natural position is always Debit
From whatever source you receive cash you debit it.While
utilising the cash you have to reverse the natural
position i.e you credit it. By making a credit the value of
the cash will come down

Answer / musthafa kotopadan

When receipt cash From debtors
-------------------
Cash A/C DR
Accounts Receivable A/R CR
(cash receipt#256. on invs#.1254)

When Pay cash to creditors
---------------------------
Accounts Payable A/C DR
CASH A/C C/R

(cash Paid#5261. on invs#.4568)


If cash purchase or sale (receipt and payment)
------------------------
Cash a/c dr
Cash sale a/c cr

and

Purchase on cash a/c dr
Cash a/c cr

purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest

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