pass journal entry - company purchased a computer for office use for Rs. 25000 from M/S payush electronic
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computer Dr 25000
payush electronic ..2500
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The answer to the following question is below.
Explanation:
Journal Entry
In the Books of (-----Ltd)
Date Particular Debit Credit
Computer a/c Dr 25,000
To M/S Payush electronic a/c 25,000
( Being Computer purchase from M/S Payush electronic )
M/S Payush electronic is the creditor of the firm.
NOTE: In this case, we have to assume that the Computer is purchase on credit.
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