Question

Journalise the following trasaction :- Purchased goods from Rajesh list price Rs. 10,000 valued at Rs. 9,000

Answer 1

Purchase A/c Dr. 9000

To Rajesh 's A/c 9000

Explanation:

Here in the question the goods are purchased at a value of 9000 rupees. This is the only main thing that we should consider while posting a transaction, here both the parties have agreed to trade goods at the value of 9000 rupees therefore that should be the main entry. Since purchase is increasing we will debit it and since Rajesh is the creditor we will credit his account. This is a simple transaction which can be understood by learning the golden rules of accounts.

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Answer 2

Answer:

purchase a/c --------------------- dr. 9000

to rajesh a/c 9000