When goods or stock is purchased for resale purpose what journal entry will be made
Dear student,
The journal entry will be Purchase A/c Dr to Cash A/c Cr
Purchase is the cost of buying inventory during a period for the purpose of sale in the ordinary course of the business
Regards
The journal entry will be Purchase A/c Dr to Cash A/c Cr
Purchase is the cost of buying inventory during a period for the purpose of sale in the ordinary course of the business
Regards