Page 117 - Office Practice and Accounting -9

Depositing into bank
Cash deposited in to the bank Rs 10,000.

Date Particulars LF Dr (Rs.) Cr (Rs.)
Bank A/c..................... Dr. 10,000
To Cash A/c 10000
(Being cash deposited into the bank)

Here bank being personal A/c it is debited as per the rule of personal account. On the
other hand, cash goes out and therefore, it should be credited as per real account.
Purchase and Sale of goods
Purchased goods for cash Rs 5,000.

Date Particulars LF Dr (Rs.) Cr (Rs.)
Purchase A/c..................... Dr. 5,000
To Cash A/c 5000
(Being goods purchased on cash)

Purchase means purchase of goods. So goods and cash both are related to real account
being assets. As per the rules of real A/c, 'what comes in' is to be debited and 'what
goes out' is to be credited, goods are received so debited and cash is paid so it is
credited. There is practice of writing purchase or sale instead of goods.
Sold goods for Rs 4000.

Date Particulars LF Dr (Rs.) Cr (Rs.)
Cash A/c..................... Dr. 4,000
To Sales A/c 4,000
(Being goods sold on cash)

As per the rules of real account, 'what comes in' is to be debited and 'what goes out'
is to be credited, cash is received so debited and goods are sold, so it is credited. Sales
is written instead of goods.

Purchase Return
Goods of Rs. 5000 returned to Bigyan.

Date Particulars LF Dr (Rs.) Cr (Rs.)
Bigyan A/c..................... Dr. 5,000
To purchase return A/c 5,000
(Being goods returned to Bigyan)

Office Practice and Accounting 9 113