bought goods on credit from manish ₹10000at 10%trade discount journal entry
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Purchase a/c.. Dr. 9,900
....To manish a/c........ 9,900
[ being purchase goods on credit.]
Goods are come into the business it shows stock account increase hence its debited and against it manish is creditor so he is at credit side of business... Account
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paid house rent rs.6500 & office rent rs.11000
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