Account to be debited

Account to be

credited

1. Stock purchased on credit

Purchases a/c

Irish W/S Ltd a/c

2. Stock purchased by cheque

Purchases a/c

Bank a/c

3. Cash sales

Cash a/c

Sales a/c

4. Credit sales

D&D Ltd a/c

Sales a/c

5. Purchases returns

Irish W/S Ltd a/c

Purchases returns a/c

6. Sales returns

Sales returns a/c

D&D Ltd a/c

7. Paid creditor

Irish W/S Ltd a/c

Bank a/c

8. Debtor paid

Bank a/c

D&D Ltd a/c

DR

Irish W/S Ltd Account 

CR

€

€

5

Purchases returns

500

1

Purchases

5,000

7

Bank

4,500

DR

Purchases Account 

CR

€

€

1

Irish W/S a/c

5,000

2

Bank a/c

3,500

DR

Bank Account 

CR

€

€

8

DD Ltd

1,000

2

Purchases

3,500

7

Irish W/S Ltd

4,500

DR

Sales Account 

CR

€

€

3.

Cash A/C

2,800

4

D.D. Ltd

1,750

DR

Cash Account 

CR

€

€

3.

Sales

2,800

DR

DD Ltd Account 

CR

€

€

2

Sales A/C

1,750

3.

Sales returns

200

8

Bank

1,000

DR

Purchases Returns Account 

CR

€

€

5

Irish W/S Ltd A/C

500

DR

Sales Returns Account 

CR

€

€

6

DD Ltt

200