prepare journal entry Q.brought stationery for cash
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Journal Entry For Stationery Purchased :
Here, Accounts involved are stationery Account and Cash Account, stationery is a Expense. So, According to the rule of Nominal Account Debit All Expenses and Losses. On the other hand, Cash Account is a Real Account, So According to the rule, Credit what goes out, So, the Journal entry for the above mentioned transaction is :-
Stationery A/c Dr. (Amount)
To Cash A/c (Amount)
(Being Stationery Purchased)
Here, Accounts involved are stationery Account and Cash Account, stationery is a Expense. So, According to the rule of Nominal Account Debit All Expenses and Losses. On the other hand, Cash Account is a Real Account, So According to the rule, Credit what goes out, So, the Journal entry for the above mentioned transaction is :-
Stationery A/c Dr. (Amount)
To Cash A/c (Amount)
(Being Stationery Purchased)
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Answer:
stationary a/c dr. cash a/c
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