Question

why we consider purchase A/c as credit for the goods given as charity..cant we consider stock stock A/c insted of purchase A/c....

transaction is
Goods costing ` 1,500 given as charity.​

Answer 1

Answer:

Explanation:

stock includes the whole stock of previous ,next and current year.

so we use purchase during the year(as it is stock too)

stock is more referred to as factory/warehouse stock

and purchase is more retail and as an expense.

so in this case purchase is debited.

i hope you can distinguish now.