Accountancy, asked by wwwdivyanrai20, 1 year ago

Goods purchased from ravi on credit

wwwdivyanrai20: Yeah I am entering cash book so

imumersofi: do you want to know how to pass journal entries

wwwdivyanrai20: Yes

imumersofi: see there are two things in your question one is goods purchased and second is Ravi or credit

imumersofi: goods or purchase is a real account so here you are receiving goods in that case it will be debited

murphy1: guz plz dont ask a public comment ok bye

imumersofi: like purchase account Dr. 500

murphy1: u understood

imumersofi: and Ravi is a personal account we dont take credit here,if it were cash instead we would have taken it.. but instead of credit we take the name of owner

imumersofi: so Ravi's account cr. 500

Answers

Answered by murphy1

i think yes good purchased from ravi on credit.

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