purched goods in cash 2000
Answers
Answered by
4
Answer:
Purchases A/C dr
50000
To cash A/C
20000
To creditor A/C
30000
(Being goods purchased on cash and credit)
Answered by
1
Answer:
Journal entry
Purchases A/c Dr 2000
To cash A/c 2000
(Being purchases made in cash )
Explanation:
Reasons for debit and credit as per golden rules
Purchases A/c - nominal account , where its expenses to the company therefore its debited
Cash A/c - real account , where cash goes out of the company therefore its credited
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