Bought furniture from Raj Furniture House Rs.5,000 and Purchased stationery from R.K.Mart Rs.500? Make journal entry of these two transactions.?

Question

Answer

Furniture a/c Dr.. To Raj furniture a/c cr.stationary a/c Dr..   To R.k.mart. a/c.  cr.

Answer

1 Furniture A/c..... dr To Raj Furniture.
2 Stationery A/c ....dr To RK Mart.

Answer

Journal Entry for Furniture and Stationery Purchase

The journal entry for the purchase of furniture from Raj Furniture House and stationery from R.K.Mart would be recorded in the books of accounts of the entity as follows:

Date | Particulars | Debit | Credit
--- | --- | --- | ---
[Date] | Furniture A/c | 5,000 | -
[Date] | Stationery A/c | 500 | -
| | Total | 5,500 | -

Explanation of the Journal Entry

The above journal entry shows the purchase of furniture and stationery by the entity. Let's understand the entry in detail:

1. Date: The date on which the transaction took place is recorded in the first column of the journal entry.

2. Particulars: The particulars of the accounts affected by the transaction are recorded in the second column of the journal entry. In this case, the accounts affected are Furniture A/c and Stationery A/c.

3. Debit and Credit: The third and fourth columns of the journal entry represent the debit and credit amounts respectively. In this case, the Furniture account is debited with Rs.5,000, and the Stationery account is debited with Rs.500. Since these are purchases, no account is credited.

4. Total: The total amount of the transaction is recorded in the last row of the journal entry.

Conclusion

The journal entry for the purchase of furniture from Raj Furniture House and stationery from R.K.Mart shows that the Furniture account is debited, and the Stationery account is also debited. This means that the assets of the entity have increased by the amount of the purchase. No account is credited because cash or bank has not been paid for the purchases.

Answer

1.Furniture a/c. Dr..... 5000 To Raj furniture 5000
2.Stastionery. a/c. Dr.... 500 To R.K.Mart. 500

Answer

Furniture a/c dr 5000To Raj furniture 5000Stationary a/c dr 500To R.K.Mart 500

Answer

Fur. A/C.   Dr. 5000Sta.A/C.    Dr. 500     To Raj furniture house A/c5000      To R.K. mart a/c 500

Answer

Why is revenue expenditure not debit in machinery account ?

Answer

Enter the following transaction in the subsidiary book post them to the ledger and prepared trial balance and also prepare the trading account April 1st committed business with cash 100000 April 14 bought furniture from Raj furniture house 5000 April 25 purchase goods 10000 April 28 purchase goods from Marathi company of the list price 15000 discount 10% April 29 open the bank account but deposing 15000

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