Question

in journal entries purchased equipment for office use rs 10000​

Answer 1

The office equipment account will be debited and the cash account will be credited.

• A journal entry is the record of the various financial transaction of a business in its financial books.
• The transactions of a business are recorded in a journal, which indicates the debit and credit balances.
• The rule is to debit all costs and losses, credit all profits and gains, often known as debit the recipient, and credit the giver.
• These specific entries can help in the authentication of transactions and also helps to know if they are supported with bills.
• In the given statement, an amount of Rs. 10,000 is being paid for purchasing equipment.
• Thus, the correct journal entry will be -

Office equipment A/c Dr.  10,000

To Cash A/c                        10,000

( being office equipment purchased )

#SPJ1

Answer 2

Explanation:

purchase good For rs 200