Question

brought from navin traders Rs. 50000

Answer 1

Answer:

Dr.Navin Traders a/c - Rs.50000

Cr.Cash a/c- Rs.50000

(Being Goods Purchased From Navin Traders)

In Terms Of Accounting Equation:

Cash- (-50000)

Goods- (+50000)

Creditor- (+50000)

Explanation:

Navin Traders- Personal Account and is Debtor in This Case As which Cash Comes in.

Cash Account- Real Account Which is Creditor in This Case as Cash Goes Out.

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