Debit book
Credit cash / bank
Data entry book
Data entry book
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
what is the journal entry for purchase returns
Because it is prepared from the journal which is the book of "original entry".
[Debit] Purchase Return [Credit] Purchases
journal
debit assetsCredit liabilitiesCredit cash
Debit software purchase accountCredit cash / bank
Pokemon
The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX