what is sale entry, purchase entry, credit note , debit note
entry?
Answers were Sorted based on User's Feedback
Answer / n.sudhakar babu
For cash sales: cash a/c debit,sales a/c Credit
For credit sale:Debtos a/c debt, sales a/c Credit
For cash Purchases : Purchses a/c debit, cash a/c credit
For Credit Purchases:Purchases a/c debit, Credit a/credit
For Credit note:Creditor a/c debit, Credit to party a/c
For Debit Note: Debtors a/c creidt, Debit to Party a/c
Is This Answer Correct ? | 222 Yes | 39 No |
Answer / r.thangavelu
credit sales: debtors account debit sales account credit
credit purchase:purchase account debit creditors a/c credit
debit note: sales account debit debtors account credit
credit note: creditors a/c debit purchase a/c credit
Is This Answer Correct ? | 64 Yes | 26 No |
Answer / mr. muhammad imtiaz
in case of cash sales
cash a/c will b debit and sales a/c will credit
in case of credit sales
customer name a/c debit and sales a/c credit
in case of cash purchase
purchase a/c debit
cash a/c credit
in case of credit purchase
purchase a/c debit
supplyar a/c credit
credit note entry is same like crdit sales and debit note entry same as credit purchase . Read above credit sales and purchase entry
Is This Answer Correct ? | 42 Yes | 14 No |
Answer / 007
goods purchased in company purchased enter goods sold in company sales entry , credit note sales return entry .debit note purchased return entry
Is This Answer Correct ? | 9 Yes | 0 No |
how i can grab more information about income tax?
What is form E-I & E-II ?
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
how to calculate tds?
how we creat e-vat return in tally for punjab
What are allowable and dis-allowable expenditure?
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
10% t.d.s needs to be deducted if one gets >20000/PA as Consultancy charges. Is this law applicable to physically chanllenged indiviuals whose disability is gtreater than or egual to 80%. My disability is 80% and I am working with an IT company on contract and gets 40K on a monthly basis starting Nov 10. How much TDS should I be oaying. Could someone please assist me with this query. Thanks in advance:-)
Non payment of service tax?
my yearly income was 260000/- for last year. & nw i get 295000 so how much income tax i hav to pay
What is the different types of rates of TDS for different Catogaries of services.