Question

parchash good from anil for cash

Answer 1

3 golden rules

personal accounts - debit the received and credit the giver

real accounts -debit what comes in and credit what comes out

nominal accounts - debit all the expenses and losses, credit all the income and gains

as per the question 2 accounts affect purchases account and cash account

Purchases account - personal account

cash account - real account

by applying the golden rules ,

Journal entry

Purchases A/c Dr

To cash A/c

(being purchased goods for cash from anil)

Hope its useful..!!