what is mean by debit purchase
- 5 Answers
- 8425 Views
- Capital IQ, Lycatel, Micro Matic, MM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohd bilal
debit purchase means that we purchase it or the goods are coming in. as we know that goods are assets we need to debit it.remember wheather the transaction is for cash bank credit always purchase account shows debit balance.
| Is This Answer Correct ? | 47 Yes | 7 No |
Answer / shilpa
Debit purchase means non cash purchase.. like purchasing from debit card is a debit purchase.
| Is This Answer Correct ? | 6 Yes | 15 No |
Answer / sam
A company that purchases debt from creditors at a discount. Debt buyers, such as a collection agencies or a private debt collection law firm, buys delinquent or charged-off debt at a fraction of the debt's face value.
| Is This Answer Correct ? | 1 Yes | 11 No |
what will you achieve for the company if you are employed to work
2 Answers ABC, Al Hamra Fort Hotel, Anglo Platinum, Hotel Jobs, Marriott, Total,
entry tax calculate on purchase +freight inward or not
what is thr differences between sales & sales invoice ?
What is Accruals ? How it is treated in finacials
when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
what is mutual fund?
How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000/-.Invoice value is Rs.17000/- (its incl. Rs.6,000/- freight), duty for this is Rs.4500/- (its seperate).Kindly tel me how to pass entry for the above?
Whether Goods receipt is an Asset or liability?
Spinoff,Spelloff
what is the direct taxes?
3 Answers JK Associates, TATA,
What is an Debenture
what is runing finance?
Audit 
