Answer / yogesh

purchase a/c Dr
To Accounts payble
(cerdit purchase )

Answer / chandu

purchase a/c dr
to accounts payable a/c

1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100

3 Answers   FactSet Systems,

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When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.

1 Answers  

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"while Financial accounting is external, cost accouting is internal to the business" Explain?

1 Answers   Deloitte,

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what is the point of sale

2 Answers   ABC,

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What are the accounting principles or concepts.Expalin briefly.

6 Answers   Capital IQ, Genpact, Hyundai,

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meaningofderivative?

8 Answers   UBS,

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how many form h we can issue against import

2 Answers  

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Mention the differencebetween consiner and consinee?

9 Answers  

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what is mean by leverage ratio?

1 Answers  

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WHAT IS CONTINGENTI ASSESTS AND LIABILITIES?

4 Answers   BA Continnum Solutions,

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What is Waybill? from where we will get waybill? what is the procedure of waybill? if we want to transfer a stock from Hyderabad branch to gurgaon branch with in same company what all procedure we have to follow?

13 Answers   ABC, Professional Care,

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what is mean by traditional accounting ?

0 Answers   ACS,

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