Question

Pass journal entry - Air conditioner purchases for office use for Rs 30000​

Answer 1

Answer:

air conditioner a/c Dr. 30,000

to cash / bank a/c 30,000

Explanation:

ac is assest all assets increase so, debit cash or bank assets decrease so, credit

Answer 2

The answer is shown below.

Explanation:

As the question does not specify by which mode the payment is made, so we pass the journal entries in every scenario.

So, the journal entries would be

1. If payment is made by cash or bank A/c

Air Conditioner A/c Dr  ₹30,000

           To Cash or Bank A/c ₹30,000

(Being the air conditioner is purchased is recorded)

2. If the purchase is made on credit

Air Conditioner A/c Dr ₹30,000

                To Account payable A/c ₹30,000

(Being the purchase of air conditioner is recorded on account)

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