Credit Purchased and Paid Transportation


  1. 28 DEC 2018 Purchased merchandise on credit 20,000 and paid transportation on it for cash 3000
  2. 28 DEC 2018 Purchased merchandise on account from Naim & Co. for Rs.30,000 and paid carriage thereon Rs.400
  3. 28 DEC 2018 Purchased merchandise on account from (Jamali & Sons) Rs.17,800 and paid transport Rs.160.
  4. 28 DEC 2018 Purchased merchandise on credit Rs.50,000 from Asim Traders and paid Rs.3,000 for transportation on it.
  5. 28 DEC 2018 Purchased merchandise on credit 50,000 and paid transportation  for cash 2000
  6. 28 DEC 2018 Purchased merchandise on credit Rs.40,000 and paid cartage on it Rs.2,000 cash.
  7. 28 DEC 2018 Purchased furniture on credit 2000  and paid transportation on it for cash 200
XI Accounting Rule 14 Credit Purchased and Paid Transportation www.biek.pk


28 DEC 2018 Purchased merchandise on credit 20,000 and paid transportation on it for cash 3000

Date
Particular
P/R
Debit
Credit
2018
dec  28

Purchases
Transportation Expense
      Cash
      Account payable
To record Purchased goods credit and paid transport


20,000
  3,000



  3,000
 20,000


28 DEC 2018 Purchased merchandise on account from Naim & Co. for Rs.30,000 and paid carriage thereon Rs.400

Date
Particular
P/R
Debit
Credit
2018
dec  28

Purchases
Carriage Expense
      Cash
      Account payable
To record Purchased goods credit and paid carriage


30,000
     400



     400
 30,000









28 DEC 2018 Purchased merchandise on account from (Jamali & Sons) Rs.17,800 and paid transport Rs.160.

Date
Particular
P/R
Debit
Credit
2018
dec  28

Purchases
Transport Expense
      Cash
      Account payable
To record Purchased goods credit and paid transport


17,800
     160



      160
 17,800


28 DEC 2018 Purchased merchandise on credit Rs.50,000 from Asim Traders and paid Rs.1,000 for transportation on it.

Date
Particular
P/R
Debit
Credit
2018
dec  28

Purchases
Transport Expense
      Cash
      Account payable
To record Purchased goods on credit and paid transport


50,000
   1,000



  1,000
50,000 

Have you learn these rules also


Rule 11 Withdrew Cash For Office Use

Rule 12 Owner Drawing

Rule 13 Purchase Credit Or Credit Purchase

28 DEC 2018 Purchased merchandise on credit Rs.40,000 and paid cartage on it Rs.2,000 cash.

Date
Particular
P/R
Debit
Credit
2018
dec  28

Purchases
Cartage Expense
      Cash
      Account payable
To record Purchased goods on credit and paid cartage


40,000
  2,000



   2,000
 40,000



28 DEC 2018 Purchased furniture on credit 2000  and paid transportation on it for cash 200

Date
Particular
P/R
Debit
Credit
2018
dec  28

furniture
Transport Expense
      Cash
      Account payable
To record Purchased furniture on credit and paid transport


2,000
  2,00



  2,00     2,000

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1 Comments

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