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[Debit] Purchases xxxx

[Credit] Cash/Bank/Accounts Payable xxxx

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Q: What is purchase goods journal entry?
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Related questions

What is the journal entry for purchase return goods on credit?

debit accounts payablecredit purchase returns


What is journal entry fof purchase of goods?

Debit purchasesCredit cash / bank


What is the journal entry for purchase?

[Debit] Purchases xxxx [Credit] Cash / bank / goods xxxx


What is the journal entry merchandise purchase with terms?

Debit purchases / goods accountCredit Accounts payable


What is journal entry for purchase household goods for rs 15000 in cash?

[Debit] purchased goods 15000 [Credit] cash 15000


How do you pass journal entry for returning purchased goods?

debit accounts payable/ cashcredit purchase returns


How do you write a journal entry for the purchase of goods with a rebate?

Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?


What is journal entry in purchase good in eligible of tax credit?

debit goodscredit cashtax credit has nothing to do with actual purchase of goods.


Purchase return Accounting?

"Purchase returns" is the entry made in the journal that refers to "Unsatisfactory or defective merchandise/goods which is returned back to the supplier".


Journal entry for Cash purchase of goods?

cash purchase of goods: inventory (Debit) increased Cash in Hand (Credit) decreased with amount of total cost of Goods purchased


How do you record journal entry to purchase goods with trade discount?

debit goods purchased (at trade discount amount)credit cash / bank / accounts payable


What is the accounting entries when goods are bought on credit?

The journal entry is the accounting entry which lists the goods that are bought on credit.