Question

Payment made to manu by cheque for purchase of goods

Answer 1

Answer :-

___________________________________

Journal Entry :-

▶️️ Purchase Ac Dr....../-

To, Bank Ac Cr....../-

[ Being Good purchased and payment made by the cheque ]

Explanation :-

↪️Goods are purchased so debited to Purchase Ac According to accounting rule.

↪Payments for purchasing of goods made by the cheque instead of cash ; Therefore Credited to Bank Ac

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BE BRAINLY ✌️

Answer 2

Answer:

Golden Rules of Journal

Personal account rule

Debit- The receiver.  

Credit- The giver.  

Real account rule

Debit- What comes in.  

Credit- What goes out.  

Nominal account rule

Debit- All expenses and losses.  

Credit- All incomes and gains.  

Now

The Journal entry will be

Purchases A/c      Dr

        To Bank A/c

(Being Payment made to manu by cheque for purchase of goods)