Bought goods from F. Roy Rs.1,000.
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⠀⠀⠀⠀⠀♡ Journal Entry ♡
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Purchases A/c⠀⠀⠀⠀...Dr⠀⠀⠀Rs. 1,000
⠀⠀To F.Roy⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Rs. 1,000
(Being the goods purchased
⠀⠀⠀⠀⠀from F. Roy on credit)
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Golden rules used here :-
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1. Debit all the expenses and loses.
2. Credit the giver.
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