Question

explain the method of recording the transaction in the purchases journal and its posting into ledger​

Answer 1

Answer:

The journal for purchase of goods -

Purchases a/c. Dr XXXX

To Cash a/c. XXXX

(Being goods purchased in cash)

If you make ledger account of purchase a/c then Cash a/c will be shown on the debit side of purchase ledger. It means purchase a/c is debited To cash a/c by XXXX.