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Cash Purchase Journal Entry for Sweaters and Pants

Learn how to record cash purchases of 50 sweaters at TL 10 each and 30 pants at TL 15 per pair. Understand the correct journal entry process for inventory transactions.

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Cash Purchase Journal Entry for Sweaters and Pants

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  1. Inventory Systems 1.Perpetual Inventory System 2.Periodic Inventory System

  2. Giysi Giyim A. r. purchases 50 sweaters, at a cost of TL 10 each; and 30 pairs of pants costing TL 15 per pair. If it is paid in cash, the journal entry will be as follows;

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