Accountancy, asked by amitkashyap238, 11 months ago

Car purchased from raj motors on Credit

Answers

Answered by gujjarankit

Answer:

car a/c Dr.

To raj motors a/c

Explanation:

name of creditor is written when purchase on credit

gujjarankit: ur wlcm brdr

gujjarankit: if u have any maths query u can approach to me

gujjarankit: i will be there always for help

amitkashyap238: hi

gujjarankit: hi bro

amitkashyap238: thank you so much bro

gujjarankit: it's okay bro don't thank me alot☺

amitkashyap238: plz give me

gujjarankit: what i have to give u

amitkashyap238: number

Answered by monalibanerjee

Answer

Golden principles of accounting .

Personal account rule :-

Debit- the receiver.

Credit- the giver.

Real account rule :-

Debit- what comes in.

Credit- what goes out.

Nominal account rule :-

Debit- all expenses and losses.

Credit- all incomes and gains.

So the entry will be

car A/C Dr.

To Raj motors A/C

Previous Question

Next Question