Скачать или смотреть how to make journal entry for cash received from Debtor? 🏛️🕐🛒

Cash

Debtors (or Accounts Receivable)

Received

Collection

Receipt

Payment from customer

Settlement of account

Cash book

Journal entry

Debit (Cash)

Credit (Debtors)

Example Journal Entry:

Date: [Enter date]
Particulars:

Cash A/c …… Dr.
To Debtors A/c
(Being cash received from debtors)

Summary:

👉 Cash, Debtors, Received, Collection, Payment, Customer, Settlement, Debit, Credit, Journal Entry.

Here’s a short journal entry explanation paragraph using the key words:

Journal Entry – Cash Received from Debtors

Cash was received from debtors towards the settlement of their outstanding accounts. Since cash is coming into the business, the Cash Account is debited, and because the amount due from the Debtors (Accounts Receivable) is being reduced, the Debtors Account is credited. This transaction records the collection or receipt of cash from customers and shows the settlement of their dues in the cash book.