Question

purchase goods worth rs.10000 on credit from ABC in the books of ABC company ​

Answer 1

in the books of ABC company....

hey mate when we purchased goods it is purchases but for the seller it is sales..right..

then,the journal entry in their books will be:

debtors a/c dr 10000

to ABC company a/c 10000

(being goods sold on credit)

I hope you have understood..

comment if you are not clear...