Question

Purchase Typewriter from Remaining & Co.
Journal entry​

Answer 1

Answer:

Here Typewriter is your assets and if you purchase typewriter it means you gain it and behalf of this you are paying some amount and this amount will be credited

Every Assets have same entry if we bought this

That is -

Asset a/c …..dr

To cash/bank a/c

(Being asset purchased)

Hence the entry will be (of the give question)

Typewriter a/c …Dr

To cash a/c

(Being purchase of typewriter/Being typewriter purchased)