Question

Bought goods from sahil worth 8000

Answer 1

Purchase A/C......Dr
To Sahil's A/C

(Being Goods purchases from sahil)

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Purchases A/c - Nominal A/c , its the expense to the company therefore its debited

Sahil A/c - Personal A/c , where sahil is giver of goods therefore its credited

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Journal entry

Purchases A/c    Dr  8000

       To sahil A/c                         8000

(being goods purchased from sahil)