Accountancy, asked by sonujaiswal80084, 1 year ago

tical Assignment 12:
Goods purchase from Ramesh 100000, 50000 by cash.50000 by cheque.​

Answers

Answered by kaimkaran
0

Answer:

I don't know the answer because I want to up my level

Answered by tanmoyvestige
0

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

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)

                                                                                                               

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