Question

Journal for purchased goods on credit from varun Rs.3000

Answer 1

Answer:

given, "goods purchased from Hema on credit"

this tradition effect two accounts purchased a/c is a nominal account (all expenses income gains losses come under nominal account) and Hema a/c is a personal account.

the three golden the rules of accounting are personal account- debit the receiver, credit the given

real account - debit what comes in credit what goes out

numinous account -debit all expenses and losses credit all income and gains

Explanation:

so the journal entry will be

purchases a/c Dr Xbox

to Hema a/c xxxx