Question

Give yhe entry for bought goods from mr.suresh worth 50000 on credit

Answer 1

Bought goods from mr. suresh worth 50,000 on credit .

$\huge \underline \mathfrak \pink{journal \: entry}$

$\color{orange} \boxed{ \frac{purchase \: account \: dr \: 50000}{to \: mr \: suresh \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: 50000} }$

( being goods purchase from mr Suresh on credit )

✨__________________✨

✨__________________✨

Note ÷

Narration is very much compulsory in recording the transaction in journal .

✨___________________✨

___________________________

Journal is the prime book or day book which records all the day to day transaction in daily life of business. It is very helpful in preparation of ledger also .In simple words starting of process of accounting is the journal .

Hope it's helps you