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Dear Sir,
We are running a security agencies (Man power Service
Provider)we bought security uniform from our vendor. please
suggest us, we may make entry through Purchase Entry or
Journal Entry what is suitable for accounting ???
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Answer / prabir kumar dey
This kind of transaction is not purchase but direct expenses.
Purchase entry will be created when it is sale or mian income
source for the company.
So the JV is
Direct expenses A/c ( Uniform Purchase) --- Dr.
Cash or Bank A/c ----------------------- Cr.
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