Purchase goods paid by cheque
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❤❤❤here is your answer ✌ ✌ ✌ ✌
➡purchase a/c Dr.
➡➡To bank a/c.
➡purchase a/c Dr.
➡➡To bank a/c.
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Purchase A/C Dr
To bank
(Being goods purchased by cheque)
- Journal keeps a detailed record of all the financial transactions of the business.
- One can maintain a journal in two ways namely double entry method for single entry method.
- The basic purpose of a journal is to record all the financial transactions. It is the basic book where all the financial records are kept for future purposes.
- These transactions are then recorded in the official accounting records known as the ledger account.
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