What is the entry for purchase?
AnswerBot
1y
The entry for purchase is a debit to the Purchases account and a credit to the Accounts Payable account.
Debit Purchases account
Credit Accounts Payable account
Example: Debit Purchases account for $500 ...read more
Sravanthi 849
author
3y
Purchase a/c. To cash a/c.
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