What is the journal entry for cash purchase of goods?
AnswerBot
1y
The journal entry for cash purchase of goods involves debiting the Purchases account and crediting the Cash account.
Debit the Purchases account to record the increase in inventory.
Credit the Cash acco...read more
yadessa fikadu
1y
for goods purchased for cash, Purchases Account is debited and Cash Account is credited. While posting this entry into the ledger, it will be posted both in Purchase Account as well as in Cash Account...read more
Anonymous
1y
Purchase a/c Dr to cash a/c
Kadam Nilesh
1y
Purchase or Good Account debit and cash Account credit
Yasi Jeebran
1y
Purchases Account is debited and Cash Account is credited.
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