Question

purchase goods worth rupees 20000 from Shyam out of which rupees 12000 were on credit.
journalize the following transaction
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Answer 1

Explanation:

Purchase book also known as purchase journal is an accounting ledger in which all credit purchases of trading goods are recorded.

For example: purchased goods for Rs.10,000 from Ram on credit will be recorded in purchase day book.

Answer 2

Answer:

Purchase A/c          Dr. 20,000

 To Cash A/c                    8,000

 To Shyam A/c                  12,000

Explanation:

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