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Goods worth Rs 20, 000/- used by proprietor of the firm the selling price of the goods is Rs 25000/-. How it will be recorded in journal?
Replies (4)
capital account a/c dr.
to purchases account
drawing s a/c dr
to purchase
to purchase
Tell me with amount .... in debit and credit side
Drawings.... Dr 20,000
To Purchase/ Inventory 20,000
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