Accountancy, asked by hypergreywolf, 6 months ago

purchased goods from Manisha gor cash 36,000​

Answers

Answered by BlessyThomas
2

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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