Question

plz tell the name of account and Dr and cr. ... 1) purchased goods for cash. 2) purchased goods from subhash ​

Answer 1

Answer:

1) purchase a/c -dr and cash a/c -cr

2)purchase a/c-dr and Subhash a/c- cr

Answer 2

Answer:

Using a manual double entry system:

Cash Account: Debit the purchase price when payment is made

Purchase Journal: Make a note in the Purchase Journal of date and name of supplier Subash and PL ref.

Purchase Ledger: As Subash is the Creditor; if you maintain a full set of records then you should record the transaction in the Purchase Ledger (make a note of the PL ref.

Explanation:

Cash A/C: CREDIT (cr) the cost of purchase at time of payment and

DR the PL.

Purchase journal (PJ) is a Memorandum of your purchases and and Expenses Bills and a record is made here and the PL is Subash A/C is credited (CR). Record the PL ref. under thr reference section.

Purchase Ledger (PL):  Credit the PL A/C for Subash (the supplier) noting the PL invoice number recorded in the PJ

PL: Debit when Cash is received so that Subash's Creditor Staus is reduced by amount of cash paid by client