debit accounts receivable
credit bank
Debit rentCredit bank
BY VENDOR Dr TO BANK Cr
Debit accounts payable/ expensesCredit bank
suman
debit electricity billcredit bank
Debit rentCredit bank
Debit expenses / accounts payableCredit bank
suman
BY VENDOR Dr TO BANK Cr
Debit accounts payable/ expensesCredit bank
debit bankcredit accounts receivable
debit electricity billcredit bank
debit bankcredit accounts receivable
The journal entry for milk purchased by issuing a cheque would be recorded as follows: Debit: Milk Inventory (or Purchases) account for the amount of the purchase Credit: Bank (or Cash) account for the same amount This entry reflects the increase in inventory (or purchases) and the decrease in cash due to the payment made via cheque.
Bank a/c ... Dr To cash a/c Cr
Debit bankCredit accounts receivable
debit porter 48650credit bank 48650