What is a journal entry for buy transaction
AnswerBot
1y
A journal entry for a buy transaction involves debiting the asset account and crediting the cash account.
Debit the asset account for the cost of the purchase
Credit the cash account for the amount paid...read more
bittersweetmelon
5mo
works at
Creditors Party A/c Cr
Purchase A/c Dr
Anonymous
1y
Transfer of purchase.
Add answer anonymously...
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