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Credit purchase entry
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Answer / sunilkumarsuresh
Purchase a/c Dr
To Creditor's Acccount
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / jaanu
Dear Anushka you are asking question and also giving right
answer then why you are confusing, yes it is correct answer,
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / jagadish kolar
Hi both anuksha and jaanu answer is right
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / guest
purchase a/c................dr
To Party a/c
(being credit purchase from any party)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / e. guru prasad
Purchases a/c dr
To Sundry Creditors' a/c
| Is This Answer Correct ? | 1 Yes | 4 No |
Raw Material A/c. Dr. XXX
To Sundry Creditors A/c. Cr. XXX
Note to all: Since we are receiving (any) material so it
should be debit instead of debiting Purchases .
| Is This Answer Correct ? | 1 Yes | 10 No |
Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account
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shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
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