Question

Purchased a cycle for office use. Make journal entry. Also tell types of accounts.

Answer 1

business

shopkeeper




are type of aacountes

Answer 2

Answer:

Cycle A/c Dr

To Cash A/c

Explanation:

Cycle A/c - Dr. Cycle A/c and Cash A/c are real a/cs as Cycle is an asset of the business and so is Cash, so the rule of debit what comes in and credit what goes out was the rule followed here

What is the journal entry for purchased?

A purchase credit journal entry is recorded by a business in their purchases journal on the date a business purchases goods or services on credit from a third party. The business will debit the purchases account and credit the accounts payable account in the business's Purchases journal.

journal entry. Also tell types of accounts.

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What are the 5 types of accounts?

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