Accountancy, asked by agastin71, 3 months ago

bought goods for cash

Answers

Answered by realanshuu
38

Answer is

Since Purchase of goods is an expense, so, Purchases A/c would be debited, because according to the Rules of Debit and Credit, an expense A/c is debited . .

Additional :

Further , on Payment of Purchases of goods in Cash , results in reduction of Cash, which is an Asset.

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