Bought goods from Ramadan Co. For Rs 50000. Pass journal entry.
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Purchase of Goods from Ramadan Co. for Rs. 50,000 (on credit)
Purchases A/c...... Dr.
To. Ramadan Co. A/c
(Being goods bought from Ramadan Co.)
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Purchase of stock
Explanation:
Books of (----Limited)
Journal entry
Date Account Title and Explanation Debit Credit
Purchase A\c Dr. 50,000
To Ramadan Co. A\c 50,000
(Being goods cost 50,000 purchase from Ramadan Co.)
Note: Goods purchase from Ramadan Co. on credit, So Ramadan Co. account will be credited.
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