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what is the journal entry for credit sale and credit
purchase?

Answers were Sorted based on User's Feedback



what is the journal entry for credit sale and credit purchase?..

Answer / ganeshan m

sundry debtors a/c Dr
To sales a/c

sundry creditors a/c Dr
To purchase a/c

Is This Answer Correct ?    7 Yes 1 No

what is the journal entry for credit sale and credit purchase?..

Answer / jayesh

1) credit sale
party a/c ......Dr.

To sales A/c

2) purchase Credit
purchase A/C.....Dr.

To Party A/C

Is This Answer Correct ?    4 Yes 2 No

what is the journal entry for credit sale and credit purchase?..

Answer / shaik alaudeen

Journal Entry for Credit Sales :

Sundry Debtors A/c  (Dr)  xxx
   
     To Sales A/c                  xxx

Journal Entry for Credit Purchases :

Purchases A/c       (Dr)  xxx

     To Sundry Creditors A/c       xxx

Is This Answer Correct ?    3 Yes 1 No

what is the journal entry for credit sale and credit purchase?..

Answer / 1963

Credit sale.

Party(sundrey debtors)a/c Dr
To Sales

Credit purchASE.

Purchases a/c Dr
To Party(sundry creditor)

Is This Answer Correct ?    1 Yes 0 No

what is the journal entry for credit sale and credit purchase?..

Answer / mohammed imran

credit sale:
(party)sundry debtor a/c Dr. xxxx
.To sales a/c Cr. xxxx
(being goods sold on credit)

credit purchase:

purchases a/c Dr. xxxx
.To (party)sundry creditor Cr. xxxx
(being goods purchase on credit)

Is This Answer Correct ?    1 Yes 0 No

what is the journal entry for credit sale and credit purchase?..

Answer / kumar

credit purchases.
purchases a/c.............dr
to sundry creditor a/c..........cr

credit sale
sundry debitor a/c..........dr
to credit purchases a/c ...............cr

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry for credit sale and credit purchase?..

Answer / tapan kumar prusty

credit sale voucher

party a/c name-sundru debtor(DR)

credit purchase voucher-

party a/c name- sundru creditor(CR)

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry for credit sale and credit purchase?..

Answer / santhosh

Credit Purchase
Purchase A/c Dr
Party or Supplier A/C Cr

Credit sales
sales A/C Dr
Party A/C cr

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry for credit sale and credit purchase?..

Answer / khushi

1.credit sales
Accounts receivable a/c dr.
To sales a/call
2.credit purchase
Purchase a/c dr.
To vendor a/c

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry for credit sale and credit purchase?..

Answer / prasad

Debaters a/c dr
to sales
to vat out put a/c


purchaser a/c dr
vat input a/c dr
to creditors a/c

Is This Answer Correct ?    2 Yes 3 No

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