Question

purchased goods from Ram for Rs.10,000 (40% cash and 60% credit​

Answer 1

Answer:

Journal Entry

Purchase A/c                     Dr.        10,000

         To Cash A/c                                             4,000

          To Ram                                                    6,000

( Being goods purchased from Ram and paid 40% amount in cash and remaining amount purchased for credit )

Explanation:

Working Note :-

Purchase Amount - ₹ 10,000

Cash amount is 40% = 10,000 x 40% = ₹ 4,000

Credit Amount 60% =  10,000 x 60% = ₹ 6,000

Answer 2

Answer:

Answer:

Journal Entry

Purchase A/c                     Dr.        10,000

         To Cash A/c                                             4,000

          To Ram                                                    6,000

( Being goods purchased from Ram and paid 40% amount in cash and remaining amount purchased for credit )

Explanation:

Working Note :-

Purchase Amount - ₹ 10,000

Cash amount is 40% = 10,000 x 40% = ₹ 4,000

Credit Amount 60% =  10,000 x 60% = ₹ 6,000