Question

Purchased a typewriter for cash for Rs8000 for office use

Answer 1

Journal Entry :

Typewriter A/C      Dr      Rs.8000

    To Cash A/C     Rs.8000

(Being Typewriter purchased for office use)

Explanation:

Typewriter is an asset to the business.

According to the Real A/C principle,

Debit what comes into the business

Credit what goes out of the business

So, when typewriter is purchased , asset value is increasing. hence, debited.

Cash is going out/ Cash balance is decreasing , hence credited.

Answer 2

Typewriter a/c Dr. 8000

To Cash a/c 8000

(being typewriter purchased by cash for office use)