Accountancy, asked by Shikhar5621, 1 year ago

Purchased goods for cash rs.1000 and credit for rs 5000 from ali

Answers

Answered by Manikataria
6
Purchases a c Dr. 6000
To cash a c. 1000
To Ali a c. 5000

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Answered by anuritha
3

Journal entry

Purchases A/c   Dr    6000

         To cash A/c                       1000

          To Ali A/c                         5000

(being purchased goods from ali )

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Reason

Purchases is the expenses to the company therefore its debited

Cash goes out of the company therefore its credited

Ali is the giver of the goods therefore its credited

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