Question

Placed an order for goods worth Rs 7,000 with Mohan for which advance Rs 5,500 was paid.


I want the journal entry for this. Please DO NOT reply with saying that he has to pay 1,500 more.​

Answer 1

Puchases. A/c. Dr 7000

To Cash paid in advance A/c 5500

To Mohan 1500

Answer 2

Purchase partly in cash and credit

Explanation:

                                 Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

           Purchase                                 A/c Dr. 7,000      

                  To  Cash                           A/c                     5,500

                   To Mohan                    A/c                         1,500

                     (Being place an order on partly cash and credit)

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