Question

5.
Prepare Purchases Account from the following transactions- (1) Bought on credit
from Ashok 14,000. (2) Cash purchases ? 8,000. (3) Withdrew goods in
personal use 1,800 (4) Loss of goods by fire ? 1,450 (5) Loss of goods by theft 300
(6) Goods donated 100. (7). goods distributed free as sample 600 . (8) bought goods for cash 5400
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Answer 1

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