purchased goods from Manisha gor cash 36,000
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Answer:
Purchase A/c Dr. 36,000
To Cash A/c 36,000
Explanation:
Here,Purchase A/c is debited because purchase is a expense and according to the the3rd rule of debit and credit "Debit all expenses and losses and credit all income and gains"
Purchase is a expense so this rule will be applied.
Cash A/c is credited because cash is going out of business and according to the rule 'Debit what comes in, and credit what goes out'
Cash is a asset so this rule will be applied.
Hope it helps
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