Question

Journal

Entries of stationary shop

Answer 1

Stationary a c Dr.

To cash a c

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Answer 2

Purchase of Stationary

Explanation:

                             Books of (--- Limited)

                                 Journal Entry

Date         Account Title and Explanation    Debit Credit

               Stationary             A/c Dr.                 xxx

               To Cash / Bank      A/c                                  xxx

        (Being amount paid to purchase stationery by the firm)

Explanation: The Stationary is a short term current asset for the firm.

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