Question

purchased 1000 shares of Axis Bank rupees 19 per share journal entry​

Answer 1

Axis bank share account dr 19000

To cash account 19000

(Being akis bank share purchased)

• Axis Bank share account is debited because we purchase Axis Bank share and it comes in our firm .As we know debit what comes in
• cash account is credited because when we purchase a share a cash goes out .as according to the rule credit what goes out