Question

Journal entry
1) puehcase of stationery rs 10,000
PLEASE ALSO TELL IT IS CREDIT OR CASH TRANSACTION AND WHY?

Answer 1

Answer:

stationery a/c....dr. 10000. ........

to cash a/c. ........... 10000

Explanation:

coz we are purchasing with cash our cash goes out and stationery is being debited....

Answer 2

Answer:

Stationary A/c Dr 10000

To Cash A/c 10000

(Being stationary purchased )

It is cash transactions because if transaction will be credit either name of credit will mentioned there.

Hope it will be helpful to uhh

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