brought goods for cash
venkatsaiteja022:
purchase a/c dr
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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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purchase a/c dr
to cash a/c
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