Debit cash
Credit accounts receivable / bank etc
debit cash receivedcredit accounts receivable
Debit cash / bankCredit owners capital
Dr cash/bank Cr discount received
debit cash 3000credit raman 3000
debit cash 12000credit ajay 12000
debit cash receivedcredit accounts receivable
Debit cash / bankCredit owners capital
Dr cash/bank Cr discount received
Banks have taxes.
debit cash 3000credit raman 3000
debit cash 12000credit ajay 12000
debit cash 12000credit ajay 12000
[Debit] Cash / bank [Credit] Services revenue
debit cash / bankcredit accounts receivable
if cash received then cash is debit while if cash is paid then cash is credit with other account towards which payment made or amount received.
Debit cash / bankCredit commission received
[Debit] Cash account xxxx [Credit] Commission received xxxx