2. Purchased goods on credit from Ms. Ritu at Rs 40000

Answers 2

Answer:

Purchase of goods a/c Dr 40000 --

To Ritu a/c 40000

Explanation:

Debit the expense

Credit the receiver

                          JOURNAL ENTRIES

Purchase A/C DR 40,000

                 To Ritu A/C 40,000

( Being purchase done on credit)

Purchase A/C DR 40,000

            To Cash A/C 40,000

( Being purchase done and payment made in cash)

Purchase A/C DR 40,000

           To Cash A/C 20,000

             To Bank A/C 20,000

( Being purchase done and payment made in cash as well as a bank)

CORRECT QUESTION-

Purchased goods from Ms. Ritu at Rs 40000. Pass necessary journal entries in the following case-

  1. When a purchase is done on credit.
  2. When a purchase is done by cash.
  3. When a purchase is done partly by cash and by the bank.

PROJECT CODE #SPJ2

https://brainly.in/question/51701426?msp_srt_exp=5

https://brainly.in/question/52045737?msp_srt_exp=5

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