Question

purchased goods from raj laxmi dresses and paid by cheque 10,000 Journal entry​

Answer 1

Answer:

I think you include an extra step to account for the fact that you are paying by cheque.

Debit Inventory

Credit uncashed cheques

This stage indicates that you gave taken delivery of the goods and issued a cheque. The likelihood is that you have taken delivery of the goods prior to the shop cashing the cheque and therefore, to ensure your cash book reconciles with your bank statement, you should not credit your cash book until you are certain that the cheque has been cashed.

When you are certain that the cheque has been cashed you can

Debit uncashed cheque

Credit bank.

Answer 2

Answer:

and rule of Real account is Dr what comes in and Personal A/c is Cr the giver her Purchase is debit as goods comes in the business and Bank is Cr as bank is giver of money. Journal entry for goods purchased on credit from party.