Question

purchase of goods for $ 25, 000 in journal entry​

Answer 1

Answer:

Purchases a/c Dr. $25000

To cash a/c $25000

(Being goods purchased worth of $25000)

Explanation:

As per the modern rules of journalism.

in case of Real account

Dr. what comes in and

Cr. what goes out

Goods come into business so it has debited as purchases a/c (remember can't Dr. the goods) & cash goes out from the business so it has credited.

Answer 2

Answer:

debit the what comes in

credit what goes out