Question

formula of cash and credit transaction​

Answer 1

In cash transaction cash is subtracted and stock is increased but in credit transaction stock is increased and credit is also increased

Hope this helps you

Answer 2

If amonut paid by cash then we write To Cash A/c = *** entry will be

Purchase A/c Dr. ***

To Cash ***

And if amount is not paid or purchase in credit.. then, entry will be

Purchase A/c Dr. ***

To seller. ***