Many students get confused between Purchases A/c and Inventory A/c while passing journal entries. This reel clearly explains: ✅ Cash purchase under Periodic Inventory System ✅ Cash purchase under Perpetual Inventory System ✅ Golden Rule application (Real vs Nominal accounts) ✅ How to identify the inventory system from the journal entry 📌 These concepts are very important for exams and often asked as MCQs. 📘 For more detailed notes, search “Karthick Balaraman accounting notes” on Google. 📚 Lea
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