Accountancy, asked by thakurnirdesh007, 2 months ago

purchased goods for cash​

Answers

Answered by XxBrainlyYashxX
0

In the case of goods purchased for cash (cash purchase), cash goes out of the business. Purchase a/c will be debited as it is an expense. Golden rules for Nominal accounts says 'Debit all expenses/losses' (refer golden rule for nominal accounts in the link above).

Answered by nirmalkavya3
1

Answer:

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