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Journal Entry

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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
Tell me with amount .... in debit and credit side

Drawings.... Dr 20,000

 To Purchase/ Inventory 20,000


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