journal entry: cash purchases
Answers
Answered by
2
Answer:
Purchase A/c Dr. :-
To Cash A/c
Explanation: As goods is purchased for cash. Goods come in so it is termed as debit and the cash goes out it is termed as credit.
Answered by
1
Answer:
Purchase A/C Dr..
To Creditors A/c. Cr..
Explanation:
because cash has been purchased hence it is decreased so purchase is debited and it is increased for the Creditor hence Creditor A/C is credited...... .
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