Accountancy, asked by ayushisingh8171, 6 months ago

goods purchased for cash 1000

Answers

Answered by ta3951

0

Answer:

Goods/Merchandise Inventory Dr. 1000

Goods/Merchandise Inventory Dr. 1000Cash Cr. 1000

Explanation:

Assets Increase - Debit

Assets Decrease - Credit

One asset is increasing (Goods) and the other is decreasing (Cash)

Answered by atelwala78

0

Purchase a/c dr. 1000
To cash a/c. 1000

(Being goods purchased)

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