Accountancy, asked by saloni12arya, 1 year ago

He bought goods for cheque

Answers

Answered by Anonymous
5
Hello Mate,


Purchases. A/c. dr
To Bank. A/c


Hope this helps you
Answered by adventureisland
0

Purchase A/C. Dr.  

To Bank A/C.  

(Being purchased goods through cheque)

Explanation:

In this particular question the client is purchasing goods through check. Based on the golden rules of accounting will credit the bank account as money is being reduced.

We also will debited purchase account as purchase are considered to be indirect expenses for the firm and according to the rule of accounting all expenses will be debited.

So therefore we will debit or purchase account and credit our bank account. All of these are based on the golden rule of accounting.

Learn more about journal entry  

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