Question

purchased computer through cheque 13000 what is the journal entry of this question

Answer 1

computer a/c ....Dr 13000
To Bank a/c 13000

Answer 2

The Current transaction affects two accounts .. computer account, bank account.. because computer is bought for cash ...(they ar Real accounts; all assets and Liabilities come under Real account; computer and cash at bank are assets) ..


The Three golden rules of accounting are....

Personal Account: Debit the receiver, credit the giver

Nominal account: Debit All expenses and losses, credit All incomes and gains

Real Account: Debit what comes in ,credit what goes out

In contention with the above rules...

computer account should be debited (it is a Real ccount/furniture is coming ine)

bank account should be credited (it is a Real account/cash is Going out)

The Journal Entry will be....

computer a/c Dr 13000

To bank a/c. 13000

(Being computer purchased)