Question

Bricks rupees 30000 cement rupees 25000 and Timber rupees 20000 purchased for the construction of new office building. Payment made by cheque. Journal entry will be

1. Debit purchase account by 75000 and credit bank account by 75000

2. Debit building material account by 75000 and credit bank account by 75000

3. Debit building account by rupees 75000 and credit Bank by 75000

4. Debit bank account by 75000 and credit capital account​

Answer 1

Answer:

no cheque only cash

hope it will help you

Answer 2

Answer:

1. debit purchase account by 75000 and credit bank account by 75000