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Transaction Journal Entries For Above Example As Follows

The document contains 6 transactions recording the purchase of goods. Goods were purchased through cash payments, bank payments, credit purchases, and cash discount. The transactions include debits to purchase accounts and credits to accounts like cash, bank, and creditor accounts to record the purchase and payment of goods.

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Raja Raj
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312 views

Transaction Journal Entries For Above Example As Follows

The document contains 6 transactions recording the purchase of goods. Goods were purchased through cash payments, bank payments, credit purchases, and cash discount. The transactions include debits to purchase accounts and credits to accounts like cash, bank, and creditor accounts to record the purchase and payment of goods.

Uploaded by

Raja Raj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TRANSACTION JOURNAL ENTRIES FOR ABOVE EXAMPLE AS FOLLOWS

1. Purchase Goods for Rs. 45000 by Cash


Cr. Cash 45000
Dr. Purchase A/c 45000
2. Purchase Goods for Rs.8500 by SBI Bank.
Cr. SBI Bank 8500
Dr.Purchase A/c 8500
3. Purchase Goods from "Krishna Mohan " for Rs. 67500 for Credit.
Cr. Krishna Mohan 67500
Dr.Purchase A/c 67500
4. Purchase Goods from "Siva Mohan Agency" for Rs. 7200 and paid by SBI
Bank Cheque.
There are two transaction, one for purchase and another for payment
Purchase Voucher : F9
Cr. Siva Mohan Agency 7200
Dr.Purchase A/c 7200
Payment Voucher : F5
Dr. Siva Mohan Agency 7200
Cr.SBI Bank 7200
5. Purchase Goods from "Mehatha G/s" for Rs. 15000 and Cash Discount
received @ 2%.
Cr. Mehatha G/s 14700 (15000-15000*2/100 )
Dr.Purchase A/c 15000
Cr. Cash Discount Cr 300
6. Cash Purchase Goods from "Krishna G/s" for Rs. 12000. (There are two
vouchers 1. Purchase 2. Payment)
Purchase Voucher : F9
Cr. Krishna G/s 12000
Dr.Purchase A/c 12000
Payment Voucher : F5
Dr. Siva Mohan Agency 12000
Cr. Cash 12000

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