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Thursday, 28 January 2016

9 Purchase A/c on Credit side in Journal Entry

Only three type of the entries have purchase a/c on credit side in JE



Focus on purchase coming under credit side .

If the owner takes goods for his own purpose Rs. 10,000.






Focus on purchase coming under credit side .

If goods are distributed as sample(promotion purpose) Rs. 10,000.





Focus on purchase coming under credit side .

If goods are given to Charity(consider as loss) Rs. 10,000.




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