Question

bought a table fan for 8000 for domestic use of ragunath make journal entry
plz give me correct answer if you know .dont write useless answers otherwise i will report​

Answer 1

Answer:

purchase account. Dr. 8,000

to cash account. 8,000

Answer 2

Answer:

Table fan A/c           Dr       8000

To Cash A/c                                    8000

(being table fan purchased)

Explanation:

Here in this question we are purchasing a table fan for eight thousand rupees this means cash is going out from our account therefore we will credit cash. As cash is an asset and when asset decreases will credit them as it is a part of the golden rule of accounting. We will debit the table fan account so that this particular journal entry will be justified.

Hope this helps you dear !! This is the right entry

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