Accountancy, asked by vanaganilakshminaray, 4 months ago

bought goods from Ramakrishna journal entries​

Answers

Answered by SmitaMissinnocent
2

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

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