Example of Cash Purchases Journal Entry
In Cash purchases the amount of purchases is debit being the
asset and amount of cash paid is credited being the asset of the company.
Example of Cash Purchases
1. William & C0 made a purchases for 200 $ on Cash on 11 November ,2014
2. LaLa & C0 made a purchases making a payment through
cheque 400 $ on 13 November.
Solution
Date
|
Particulars
|
Dr
|
Cr
|
11 Nov ,2014
|
Purchases a/c
|
200
|
|
11 Nov ,2014
|
Cash a/c
|
200
|
Date
|
Particulars
|
Dr
|
Cr
|
13 Nov ,2014
|
Purchases a/c
|
400
|
|
13 Nov ,2014
|
Bank a/c
|
400
|
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