PURCHASE

 

PURCHASE:

 

1.      Goods purchased on credit from M/s. Hindustan pvt ltd was Rs. 50000

2.      Goods purchased on cash Rs.40000

3.      Bought goods on credit from M/s. Infosys was Rs. 7500

4.      Purchase on cash Rs.5000

5.      Goods purchased on credit from M/s. Jaya pvt ltd Rs. 5000

6.      Goods purchased for cash  Rs 5900

 

Answer:

1.  Dr : Purchase                                :  50000                 ( PurchaseAccount)

     Cr : Hindustan pvt ltd                   :  50000                 (SundryCreditors)

2.  Dr : Purchase                                :  40000                 (PurchaseAccount)

     Cr : Cash                                       :  40000                 ( Cashinhand)

3.  Dr : Purchase                                :  7500                   (PurchaseAccount)

     Cr : Infosys                                   :  7500                   (SundryCreditors)

4. Dr : Purchase                                 :  5000                   (PurchaseAccount)

    Cr : Cash                                        :  5000                   (Cashinhand)

5. Dr : Purchase                                 :  5000                   (PurchaseAccount)

    Cr : Jaya pvt ltd                              :  5000                   (SundryCreditors)

6. Dr : Purchase                                 :  5900                   (PurchaseAccount)

    Cr : Cash                                        :  5900                   (Cashinhand)