Question

journalise the following 1.bought furniture from M/s Jayalakshmi furniture for₹28000on credit
2.paid half the amount owed to M/s Jayalakshmi furniture by cheque​

Answer 1

Answer:

furniture A/c. ....Dr. 28000

to M/s jayalakshmi 28000

(being furniture bought on credit)

M/s jayalakshmi. ...dr. 14000

to bank a/c. 14000

(being half amount paid by cheque)