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Credit Purchase entry

Answer Posted / praveen sharma

When ever a cradit purchase is done two accounta are affected the purchase a/c & craditors a/c now as we know that the purchase a/c is a Real a/c & tha golden rule of real a/c says that Dr what comes in & cr what goes out so hare stock is comming so tha stock a/c or purchase a/c will be Debited & craditor a/c is a personal a/c and the rule of personal a/c says Dr the reciver & cr the giver now hair we see that the craditor is the giver of stock so according to rule craditor s a/c Willbe cradited

Purchase a/c Dr
To craditor s a/c

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