Purchased goods for cash rs.1000 and credit for rs 5000 from ali
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Answered by
6
Purchases a c Dr. 6000
To cash a c. 1000
To Ali a c. 5000
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To cash a c. 1000
To Ali a c. 5000
plz mark it as brainliest and follow me
Answered by
3
Journal entry
Purchases A/c Dr 6000
To cash A/c 1000
To Ali A/c 5000
(being purchased goods from ali )
-------------------------------------------------------------------------------------------------------------------
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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