[Example] Cash Paid to Ram Journal Entry

 Welcome back to our blog today we are going to solve an example where we are going to make a journal entry for cash paid to Ram.

This example is a basic one but it is asked so many times in accounting exams because this entry is a first step for learning accounting.

Now let's move to our example:

Cash Paid To Ram Journal Entry

Account	**Debit ($) **	Credit ($)
Cash	1,000
Consulting Expense		1,000

As you can see cash is debited with 1,000 because you paid to RAM and your cash decreases.

Because RAM gives Consulting services to your company that's why The 1000 rupees is credited to record the expense.

Conclusion

I hope you understand the cash paid to RAM journal entry if yes then go to our example section and check other journal entry examples related to RAM.