Purchased Goods From For Rs.14,000.
Answers
Answered by
1
Purchases A/c. Dr......
To Mohan A/c
[Being good purchased
from Mohan]
You have to mention the name.....
Hope it helps you ✌️
monalibanerjee:
Hello mate will you please help me again
Answered by
0
Answer:
Golden principles of accounting
Personal account rule
Debit- the receiver.
Credit- the giver.
Real account rule
Debit- what comes in.
Credit- what goes out.
Nominal account rule.
Debit- all expenses and losses.
Credit- all incomes and gains.
Now
The entry will be
Purchases A/c. Dr
To Ram's A/c
[Good purchased from Ram]
You must mention the name in your question
Hope it helps you
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