Question

purchased goods for cash in jonural entry​

Answer 1

Answer:

purchase a/c. Dr.

to cash a/c

Answer 2

Answer:

Since Purchase of goods is an expense, so, Purchases A/c would be debited, because according to the Rules of Debit and Credit, an expense A/c is debited . Further , on Payment of Purchases of goods in Cash , results in reduction of Cash, which is an Asset.

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