Question

Building purchased from Kumar
and Co. for Rs. 1,00,000 and an
advance of Rs. 20,000 given in
Cash​

Answer 1

Explanation:

Building A/C Dr 100,000

To Kumar & co A/C 80,000

To cash A/C 20,000

(Being building purchased from Kumar & Co 20,000 paid in cash)

Answer 2

Answer:

Building A/c Dr 1,00,000

To Cash/Bank A/c 20,000

To Kumar & Co A/c 80,000