Question

ABC ltd purchased goods worth rs.10000 from PQR ltd for cridit.

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Answer 1

Answer:

journal entry will be

stock A/c Dr. 10000

To PQR Ltd. A/c 10000

( being goods purchased on credit from PQR ltd.)

Answer 2

Purchase a/c. Dr. 10,000

To PQR Ltd 10,000

(Being goods purchased on credit.)

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