Question

Please journalise "bought goods for cash", "sold goods for cash" and "bought office furniture from X".

Answer 1

The journal entries for the given questions are as follows :-

1. Bought goods for cash.

Purchase A/c. Dr. (Amount)
To Cash A/c. (Amount)

(Being Goods purchased).

2. Sold goods for cash.

Cash A/c. Dr. (Amount)
To Sales A/c. (Amount)

(Being Goods sold).

3. Bought office furniture from "X"

Furniture A/c. Dr. (Amount)
To X's A/c. (Amount)

( Being furniture purchased)

Hopes this helps you!