Question

Purchased goods from tapan maity on credit

Answer 1

Hello!!

________________________________________

I think you are looking for it's journal entry:-

So here is the answer:-

Purchase A/c. Dr
To Tapan Maity A/c.
( being goods purchsed on credit).

Since Purchasing goods result in increase in Assets. so, it will be debited.
And liability ( Tapan maity) is increasing so, it will be credited.


__________________________________________


☺️☺️☺️☺️