Bought goods for cash F 10,000.
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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 .
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What would be the Journal Entry for Purchase of goods amounting to Rs. 10,000 in Cash ? Explanation: 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 .
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