Question

journal entry of cash purchase :rice 10 quintals @250 per quintals​

Answer 1

Answer:

rice Account debit 2500

to cash account. 2500

Answer 2

Drawing

Explanation:

                             Books of (----Limited)

                                  Journal entry

Date        Account Title and Explanation     Debit    Credit

              Purchase                      A\c Dr.           2,500

                 To   Cash               A\c                                  2,500

            (Being Rice purchase of 2,500)

Note: Purchase of stock is Considered as Purchase Account.

Amount of purchase = 250 x 10

Amount of purchase = 2,500

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