Accountancy, asked by minbist900gmailcom, 4 months ago

purchased goods from Ram Rs.15000 and paying Rs.5000 cash and rest by cheque​

Answers

Answered by kritiss2003
2

Answer:

purchases account debit15000

to cash account 5000

to bank account10000

hope you will get the answer


minbist900gmailcom: thanks
kritiss2003: Ur welcm
kritiss2003: dear
minbist900gmailcom: okay
sachinkumar1812: Entry passed by you is wrong dear... please check it once.

This is not a credit transaction, ₹ 5,000 is paid in cash....
kritiss2003: thanks
kritiss2003: for correcting me
sachinkumar1812: My Pleasure dear..!!
Answered by sachinkumar1812
2

Answer:

Journal Entry

Purchase A/c                     Dr.        15,000

         To Cash A/c                                             5,000

          To Bank A/c                                           10,000

( Being goods purchased from Ram and paid him ₹ 5000 cash and remaining amount is paid by issuing cheque)

Explanation:

Here, Guys don't be confused that name has been given, this is a not a credit transaction...

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