Purchased goods from Urmila on credit Rs.70,000 journal entry
Purchased goods from Urmila on credit Rs.70,000 journal entry
In the books of Mr. Anand.
DATE | PARTICULARS | L/F | DEBIT | CREDIT |
21 | Purchase A/c Dr. To Urmila A/c [Being Purchase goods from Urmila on credit] |
| 70,000 |
70,000 |
Purchased goods from Urmila on credit Rs.70,000: Goods are bought into business therefore shown on debit side and proprietor is not paying cash on the spot to Urmila therefore urmila account is credited to credit side.
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