Purchase goods of Rs 12,000 from sita and 60% paid through bank
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The answer to the given question is written below.
- The question relates to the subject 'Accountancy'.
- These type of entries are called Journal entries.
- Journal entries are among the first records in the Books of Accounts.
- Here, Purchases Account will be (Dr.) with Rs. 12000 and 60% of the amount will be (Cr.) To Bank Account and the remaining 40% will be (Cr.) To Sita's Account.
Purchases A/c (Dr.) 12000
To Bank A/c 7200
To Sita A/c 4800
(Being goods purchased from Sita, 60% paid by cheque and remaining on credit)
- Thus, the above entry will be passed via the Books Of Accounts.
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