Purchased goods on credit fro me. Purchased goods on credit from mr. Jitendra
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Explanation:
here in the two sentences they mentioned that they.have purchased some goods on credit basis.
so, the double entry for credit purchases is
Purchased A/C - Dr
Creditors A/C - Cr
Because in elements of accountings purchased A/C is debit balance and the Creditors A/C is in credit balance
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