Question

received cheque from Vinayaka 10,000 and the balance received by cash 5000​

Answer 1

Answer:

bank a/c...dr 10000

casha/c...dr 5000

To vinayak a/c 15000

Answer 2

Journal Entries in the books of seller

Bank A/C DR   10,000

Cash A/C DR   5,000

                 To Sales A/C 15,000

(Being goods purchased and recieved payment by cash as well as cheque)

Note - As we are selling goods and we are getting payment by bank as well as cash , as cash and bank both are assets and they are increasing so they will be debited and goods are also our asset and it is decreasing so it will be credited.

Journal Entries in the books of buyer

Purchase A/C DR 15,000

                  To  Bank A/C 10,000

                  To cash A/C 5,000

( Being goods purchased and paymnet done in cash as well as bank )

Note -  As we are purchasing goods and it is our asset so it will be debited and for making payment we are using cash as well as bank and they both are assets so it will be credited.