Question

Credit purchase goods from Bharat for 50000

Answer 1

Answer:

In case of a credit purchase, “Purchase account” is debited, whereas, the “Creditor's account” is credited with the equal amount.

Accounting and Journal Entry for Credit Purchase.

Answer 2

Answer:

In case of a credit purchase,"purchase account" is debited where as the, "creditor account" is credited with the equal amount.

Accounting and Journal Entry for Credit Purchase.

Hope this helpful to you