Question

Journalise the transaction :-
Paid for sales literature Rs. 1000​

Answer 1

Explanation:

cash A/c Dr 1000

To sale A/c 1000

Answer 2

Following is the journal entry for the transaction:-

• Sales literature a/c  dr.  1,000

                                  to cash a/c   1,000

(being cash paid for sales literature)

• Sales literature:- It is like a catalog or brochure that gives all the relevant information to customers about the business. These are printed documents used by the business firms to give customers information about quality, price lists, and other specifics so that the customers are enticed to buy the firm's products and hence, increasing sales.
• Since paying for sales literature is an expense, it will be debited in the journal and cash will be credited.