what is mean by debit purchase
Answers were Sorted based on User's Feedback
Answer / mohd bilal
debit purchase means that we purchase it or the goods are coming in. as we know that goods are assets we need to debit it.remember wheather the transaction is for cash bank credit always purchase account shows debit balance.
Is This Answer Correct ? | 47 Yes | 7 No |
Answer / shilpa
Debit purchase means non cash purchase.. like purchasing from debit card is a debit purchase.
Is This Answer Correct ? | 6 Yes | 15 No |
Answer / sam
A company that purchases debt from creditors at a discount. Debt buyers, such as a collection agencies or a private debt collection law firm, buys delinquent or charged-off debt at a fraction of the debt's face value.
Is This Answer Correct ? | 1 Yes | 11 No |
whah is price earning formula?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
Goods sold by Del Credere Agent are sales of manufacturer or Del Credere Agency?
Purchased good from Sreenivasan company for personal use Rs.50000 What is journal entry
what are the direct expense of loan department in banks.
Is tmb is nationalized bank?
A Vat account debit balance reported in the year end trail balance would represent?
which will be the assessement year for2010-11.
Types of vouchers with explaination
Tell us what do you believe should be an important quality of an account executive?
What are recent changes in Service Tax Reverse Charge by Budget 2012?
Differentiate between equity and stock.