What is the journal entry purchased goods from siva?

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1191486

2026-05-04 22:06

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The journal entry for purchasing goods from Siva would typically be recorded as follows:

Debit: Inventory (or Purchases) account for the total amount of goods purchased
Credit: Accounts Payable (or Cash) account for the total amount owed to Siva

This entry reflects an increase in assets (inventory) and a corresponding liability (amount owed to Siva).

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