Dear Sir, We are running a security agencies (Man power Service Provider)w

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 ???

Question Posted / guest

3 Answers
5441 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Dear Sir, We are running a security agencies (Man power Service Provider)we bought security un..

Answer / aadesh

Pass it as JV under Direct Exp

Is This Answer Correct ?

11 Yes

1 No

Dear Sir, We are running a security agencies (Man power Service Provider)we bought security un..

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.

Is This Answer Correct ?

3 Yes

0 No

Dear Sir, We are running a security agencies (Man power Service Provider)we bought security un..

Answer / amit kapil

purchase a/c dr

cash a/c cr

Is This Answer Correct ?

0 Yes

4 No

Post New Answer

More Accounting General Interview Questions

why net profit add in capital in balance sheet

7 Answers

I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

0 Answers College School Exams Tests,

if a proprieter farm purchase any software for account what is the general entry ?

2 Answers

Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

0 Answers InTarvo Technologies,

i want to know about VAT & CST (inculding its Form No.)

5 Answers Sumeet,

what is mean by sample account and data transfer rule in SAP FI?

0 Answers

I m considering BASIC + DA at the time of calculating EPF. Is it the right procedure?

2 Answers

SALES BOOK IS A PART OF

1 Answers

parent company loss deduct from subsidiary company proft

3 Answers Capital IQ,

why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?