Question

1.Purchased goods for cash20,000 2. Purchased goods from Subhash12,000 3. Purchased furniture for cash6,000 4. Purchased goods from Ravi for cash 10,000 5. Bought Machinery for cash 20,000 Do these transactions​

Answer 1

Explanation:

1.Purchase a/c dr Rs 20,000

To cash a/c Rs 20,000

(Being goods purchased on cash)

2.Purchase a/c dr Rs 12000

To Subash's a/c Rs 12000

(Being goods purchased from Subash on Credit)

3.Furniture a/c dr Rs 6,000

To cash a/c Rs 6,000

(Being Furniture purchased on cash)

4.Purchase a/c dr Rs 10,000

To Cash a/c Rs 10,000

(Being goods purchased from Ravi on cash)

5. Machinery a/c dr Rs 20,000

To Cash a/c Rs 20,000

(Being Machinery purchased on cash)