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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