cash purchase payment made by cheque rs. 600 what is journal entry
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Answer:
cash purchases, payment by cheque RS 600. Received cheque from Gopi in full settlement RS 585 .
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Explanation:
Journal entry When goods are purchased by paying cheque. Purchase goods for Rs 2000 by paying cheque Rs 20,000. and rule of Real account is Dr what comes in and Personal A/c is Cr the giver her Purchase is debit as goods comes in the business and Bank is Cr as bank is giver of money.
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