Question

16 Cash purchases 50,000 amount paid by cheque journal entry​

Answer 1

purchase A/c. ..dr 50000

To bank A/c. 50000

Answer 2

Answer:

I am assuming that purchase is made by presenting a cheque to the seller. In that case, the entry in the books of purchaser would be-

Seller Account Debit

To Bank Account

If purchase is made on credit, i.e. without payment through any mode, then the entry would be-

Purchase Account Debit

To Seller Account