Question

Record an accounting entry.

Purchased good from rohan on credit basis ...rs 500

Answer 1

Purchased good from rohan on credit basis ...rs 500

It will be overall 500

Answer 2

Journal Entry⬇️⬇️

Purchase A/c ______________Dr_500

_____To Rohan ______500

(Being goods purchase from rohan on credit)

Explanation-----

This entry follow the golden rule of accounting on the basis of Personal Account.

Debit,the receiver.

Credit,the giver.