Question

Purchase goods for cash journal entry

Answer 1

Explanation:

In case of a journal entry for cash purchase, Cash account and Purchase account are used. The person to whom the money is owed is called a “Creditor” and the amount owed is a current liability for the company. Purchase orders are commonly used in large corporations to order goods on credit......

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Answer 2

Answer:

purchase a/c Dr

To cash a/c

( Being Goods purchase for cash)