Hi sir,

how to considered purchase for resale purpose and exp .......and also for another exp ......

DEEKSHA V K

Feb. 7, 2017, 10:13 a.m.

Answers!

Davneet Singh

Feb. 9, 2017, 8 p.m.

Hi Deeksha

All Purchase whether for resale or for own consumption in production are under Purchase Account

However for personal use of items,

put Drawings Account in case of proprietorship

and Loan Account in case of Companies

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