Question

Is purchase A/c balance in ledger​

Answer 1

For example, for goods purchased for cash, Purchases Account is debited and Cash Account is credited. While posting this entry into the ledger, it will be posted both in Purchase Account as well as in Cash Account. All real accounts relate to assets, hence, show the debit balance only.

Answer 2

Answer:

Yes purchase A /c balance in ledger.

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ANISH