Accountancy, asked by AryanChandra7134, 1 year ago

Bought good of Ram give journal entry

Answers

Answered by sachinarora2001
1
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Purchase @/c.. Dr.

.... To Ram

[ being goods purchase on credit.] °°
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Note..-- Nature of purchase account is debited hence if goods purchase by business, debit will be increase so, purchase account is debited..

Nature of creditor is credit hence Ram is a creditor for business because business has to pay some amount to ram ie creditor in account of purchasing goods...

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Answered by Anonymous
1

Purchases A/C.  Dr.  Rs.xxx    To Ram A/C.   Rs.xxx (Being goods purchased from Ram)

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