Question

Pass journal entry for Mr. Love paid rs. 500 due from him, and the same was spent on purchasing goods from Mr. Deepu

Answer 1

Answer:

cash. a/c. dr. 500

To Mr. Love. 500

purchase account. dr. 500

To cash account. 500

Answer 2

Answer:

Mr love a/c dr 500

To Mr Deepu's a/c 500

I'm not sure