Question

Bought a horse for Rs 1500 and a cart for Rs 2000 for delivering goods to customer.ka journal entry bataye

Answer 1

Answer:

live stock a/c. dr. 1500

cart a/c. dr. 2000

to purchases a/c. 3500

(being a horse and a cart bought )

Answer 2

Answer:

The journal entry is as follows:

Explanation:

Horse A/c..............Dr      Rs1,500

Cart A/c..................Dr      Rs 2,000

       To Bank A/c..........Cr     Rs 3,500

(Being horse and cart bought)

The company purchased horse and cart so any increase in asset will be debited, therefore, the both the accounts are debited. And the money is going out and any decrease in asset is credited, so the bank is credited.