stationery purchased rupees 10000
Answers
Answer:
Journal entry for a stationary purchased for cash:
Stationary A/c ………… Dr
To Cash A/c
[Being the purchased stationery for cash]
Stationery A/c debit because the stationery is (Nominal Account) and this is one type of expense and expense are also debit. Based on the Debit and Credit or Golden Rules.
Cash A/c is assets and assets is (Real Account). Therefore Cash A/c Credit because of Cash a/c goes out, and any types of assets go out is credit based on the Debit and Credit Rules.
Rules :
Stationary - Nominal Account - Expenses - Dr
Cash - Real Account - Goes out - Cr
Golden Rules:
Personal Account:
Debit the Receiver, Credit the Giver
Real Account:
What cames in Debit and what Goes out Credit
Nominal Account:
Expenses & Loss Debit, and Income, Profit Credit
I hope this answer helps you.
Answer:
miss what I have to do ha ha