Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
debit purchases 1000credit cash 1000
Debit vacation expensesCredit cash / bank
[debit] sales returnscredit cash / accounts receivable
cash debit rent in advance credit
debit equipmentcredit cash
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX
debit assetsCredit liabilitiesCredit cash
debit equipmentcredit cash
Debit software purchase accountCredit cash / bank
Debit bookCredit cash / bank
debit assetscredit cash / bank
[Debit] Vehicle Purchased [Credit] Cash / bank
debit household furniturecredit cash / bank
Debit purchasesCredit cash / bank
Debit purchasesCredit cash / bankno entry for trade discount and in case of cash discount:Debit purchasesCredit cash / bankcredit discount
[Debit] Goat 300 [Credit] Cash 300