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What is general entry credit purchase?

Answer Posted / pratik muley

PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C

IF YOU PURCHASE ANYTHING YOU WANT TO CREDIT THE PURCHASER
NAME. AND DEBIT PURCHASE IN CASE OF BOUGHT ITEM FOR
SALES, OR PURCHASE OF ASSET YOU NEED TO RECORD ASSET'S NAME
(MACHINERY, BUILDING0)

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