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Bought goods for cash $100 to double entry system.

Bought goods for cash $100 to double entry system.
asked 134k views
0 votes
Bought goods
for
cash $100
to double
entry system.

asked
User Lurifaxel
by
8.5k points

2 Answers

3 votes

Answer:Purchase account Dr.$100

cash account Cr.$100

Step-by-step explanation:

answered
User Rnhmjoj
by
8.8k points
3 votes
Purchases account is going to increase on the credit side and the cash account is going to decrease ( to be written on the credit side).
answered
User Tal Humy
by
9.6k points
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