Question

Explain How To Place Journal Entry For Purchase Order In Books Of Account?

Answer 1

If you learn golden rules......you can solve journal entries very easy.

Purchase is always placed on debit side
in example........ Purchase machine on cash

Purchase a/c Dr
To Cash a/c.
Being Machinery purchased on cash)

In another example......if ever transaction comes with name the name never be mentioned
Purchase goods from Rahul

Purchase a/c.....Dr
To Cash a/c