Accountancy, asked by anmolmahajan1431, 11 months ago

Purchase goods rahul for cash journal entry

Answers

Answered by KillerFrost
0

Answer:

Hindi me puchhhhhhh maine na samajh abe

Answered by pintusingh41122
2

Answer:

The journal entry for purchasing goods from Rahul for cash is shown below:

Explanation:

Purchase A/c..............Dr      XXXX

     To Cash A/c...............Cr   XXXX

As the goods are bought so increase in assets will be debited, therefore, the purchase account is debited and it is bought against the cash so cash is decreasing and any decrease in cash will be credited. Therefore, cash account is credited.

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