**Journal Entry for Goods Bought on Credit from Nanda Kumar**

When a business purchases goods from a supplier on credit, it means that the business receives the goods immediately but agrees to pay for them at a later date. This transaction needs to be recorded in the books of accounts using a journal entry. Let's understand the journal entry for goods bought on credit from Nanda Kumar in detail.

**1. Identify the Accounts Involved:**
In this transaction, there are two accounts involved:
- Accounts Payable (Nanda Kumar): This is a liability account that represents the amount owed to Nanda Kumar for the goods purchased on credit.
- Purchases: This is an expense account that represents the cost of the goods purchased.

**2. Determine the Amounts:**
To record the journal entry, you need to know the total amount of the goods purchased on credit from Nanda Kumar. This information can be obtained from the purchase invoice or any other document provided by Nanda Kumar.

**3. Record the Journal Entry:**
The journal entry for goods bought on credit from Nanda Kumar will be as follows:

**Date: [Date of the Transaction]**

| Account Title | Debit ($) | Credit ($) |
|---------------|-----------|------------|
| Purchases | [Total Amount] | |
| Accounts Payable (Nanda Kumar) | | [Total Amount] |

**4. Explanation:**
- The Purchases account is debited with the total amount of goods purchased. This increases the expense incurred for purchasing goods.
- The Accounts Payable account is credited with the same amount. This represents the liability of the business towards Nanda Kumar, which will be paid at a later date.

**5. Posting to the Ledger:**
After recording the journal entry, it is necessary to post the amounts to their respective ledger accounts. The debited amount is posted to the Purchases account, and the credited amount is posted to the Accounts Payable (Nanda Kumar) account.

**Conclusion:**
Recording the journal entry for goods bought on credit from Nanda Kumar is essential to ensure accurate bookkeeping and maintain a record of the business's liabilities. By following the steps mentioned above, the transaction can be properly recorded in the books of accounts.

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