Question

Journal entry for bill for stationery received bill not yet paid rupees 100

Answer 1

Explanation:

Purchases A/c would be debited, because according to the Rules of Debit and Credit, an expense A/c is debited.

Answer 2

Answer:

Journal records all daily transactions of a business in the order in which they occur. The recorded transaction in a journal book is called Journal entry.

Stationery purchased

Printing & Stationery A/c

Cash A/c

Debit – Expense Increases or Debit all expenses and losses.

Credit – Asset decreases- cash goes out.

Explanation:

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