00:00Hello guys, this is Sonia Setia, your accounts and eco-tutor.
00:03Number 13, we have purchases.
00:05We were doing basic accounting terms for class 11 students.
00:09Purchases क्या है?
00:10It means when a firm buy goods or raw material,
00:13चाहिए तो वो resale के लिए लिया as it is,
00:15चाहिए हम manufacturing करने वाले हैं,
00:17raw material का further processing करके उन goods को बेचने वाले हैं, right?
00:21तो ये क्या हो सकती है?
00:23Purchases, cash purchases भी हो सकती है, credit purchases भी हो सकती है.
00:26जब आपने cash दिया immediate, तो आप cash purchases बोलते हूँ,
00:29जब आपने अभी पैसा नहीं दिया है,
00:32बाद में देने वाले हो, that is known as credit purchases.
00:35Journal entries, तोनों के लिए क्या हो जाएंगी?
00:37Cash के लिए, purchases account, debit to cash account.
00:40Purchases are expense, that's why I have debited it,
00:43and cash is my asset, it's decreasing, that's why I have credited it.
00:48And credit purchases के लिए क्या हो जाएंगी?
00:56क्या राहूल क्या बन गया?
00:57मेरा creditor बन गया, इसलिए मैंने credit कर दिया.
00:59Thank you so much.
