CBSE Class 11-commerce Answered
Purchased computer against cheque from computer mart,noida
Asked by Sukhman0007kalar0007 | 25 May, 2019, 09:03: AM
Expert Answer
Assuming that Computer purchased is an asset and therefore, will be debited to the respective asset account. Payment has been made by cheque therefore, no creditors wil lbe created in the name of Computer Mart and instead bank account will be credited. Thus, entry passed is as follows:
Computers A/c ...Dr.
To Bank A/c
(Being asset purchased and payment made from bank by giving cheque)
Answered by Surabhi Gawade | 26 May, 2019, 01:00: PM
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