Question

tical Assignment 12:
Goods purchase from Ramesh 100000, 50000 by cash. 50000 by cheque.
Code to Deenak 80000, 50000 by cash. 30000 by cheque.​

Answer 1

Explanation:

the journal entry will be...

purchases a/c dr 100000

to cash a/c 50000

to bank a/c 50000

(being goods purchased and paid by cheque and cash)

2. deenak a/c dr 80000

to cash a/c 50000

to bank a/c 30000

( being cash and cheque given to deenak )

Answer 2

Answer

First of all lets Recall the rules of journal  

Golden Rules of Journal

Personal account rule

Debit- The receiver.  

Credit- The giver.  

Real account rule

Debit- What comes in.  

Credit- What goes out.  

Nominal account rule.

Debit- All expenses and losses.  

Credit- All incomes and gains.  

Now

The journal entry will be  

1. Purchases A/C     DR  ₹ 1,00,000

      To Cash A/C   ₹ 50000

        To Bank A/C  ₹ 50000

(Being goods purchased and paid by cheque and cash)

2.   Deenak A/C    DR     ₹ 80000

        To Cash A/C    ₹ 50000

        To Bank A/C        ₹ 30000

( Being cash and cheque given to deenak )