bought from prakash sold to nath for cash-journal entry
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For purchase from Prakash for cash
Purchases A/c Dr
to Cash A/c
________________________________________________________
For sale to nath for cash
Cash A/c Dr
to sale A/c
_________________________________________________________
Generally they are recorded seprately but if you perform both transactions for cash at same time then entry is
Purchases A/c Dr
to sale A/c
_________________________________________________________
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