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Transaction Journal Entries For Above Example As Follows

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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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