Question

Stationary purchase from Royal stationary in cash 450?journal entry?

Answer 1

Question√√

Stationery purchase from Royal stationary in cash 450.Pass journal entry.

Solution√√

$\color{hotpink} \huge{stationary \: account \: dr</strong><strong> </strong><strong> </strong><strong> </strong><strong>4</strong><strong>5</strong><strong>0</strong><strong>}$

$\: \: \: \: \: \: \: \: \: \: \: \color{hotpink} \huge{to \: royal \: stationary \: account</strong><strong> </strong><strong> </strong><strong> </strong><strong> </strong><strong> </strong><strong>4</strong><strong>5</strong><strong>0</strong><strong>}$

(Being stationary purchase from Royal stationary.)

Note

(1) Rules to record transactions.

Real Account

Debit what comes in

Credit what goes out

Personal Account

Debit the receiver

Credit the giver

Nominal Account

Debit all expenses and losses

Credit all incomes and gains

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Answer 2

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