it is one of basi accounting priniciples. if we purchase
anything for cash.
the goods are coming inside and cash is going outside.
goods purchases a/c dr.
to cash a/c
This is the one of the Accounting rull of Golden rules of
Accouting
Real Account is nothing but " Debit what comes in Credit
what goes Out.
For exp: Land purchased
Entry: Land A/c Dr
To Cash A/c Cr
in this exp debit comes in means Land will come our company
Credit what goes out means Cash will go out of the company
along with your userid / name. ThanQ
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