Question

Purchased goods for cash Rs.3000. Issued cheque in favour jadhav brother account of the purchase of furniture for Rs.15000..journalise the transaction​

Answer 1

Answer:

Cheque issued… credit what goes out..

To Ram…since above transaction is not done on credit basis he is not our creditor..

For furniture… when assets are purchased we open a separate asset a/c of such asset..

Therefore entry is..