Accountancy, asked by AKANKSHABIJLWAN3176, 11 months ago

purchased goods from Alia brothers for rupees 100000 and 50000 and paid one fifth amount by cheque

Answers

Answered by sujiritha95
0

Answer:

Journal entry

Purchases A/c  Dr   1,50,000

      To Alia Brothers A/c                1,20,000

       To Bank A/c                                30,000

(being purchases goods on credit and 1\5th of amount paid as cheque )

Explanation:

Debit the expenses therefore debit the purchases.

Alia brothers credited because amount to be received from creditor

Bank a/c is credited as payment to creditor

Answered by duttasougata78
0

Your journal entry will be:

purchase a/c. Dr. 150000

to Aliya brothers a/c. 120000

to bank a/c. 3000 (being goods purchased from Alia brother's brothers and paid cash and cheque)

Similar questions