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. Expenses a/c. Dr.
To vendor a/c. Cr.
What is an impact of this transaction on business
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Answer / r. k. mallick
It means Expenses incurred by Business on Credit. The Vendor
a/c will settle on later as per terms & condition.
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / chandra shekar
it is so simple
expence is nominal acount so it is debete
vendor is giver of product so he is credited
So above trancations states that expence is due to purchase
by vender
Ex : pen purchased on credit but vendor having due from our
side.
Purchase (pen) acount Dr
To Miss Nandini Acount
| Is This Answer Correct ? | 9 Yes | 3 No |
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