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What is general entry credit purchase?

Answers were Sorted based on User's Feedback



What is general entry credit purchase?..

Answer / pratik muley

PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C

IF YOU PURCHASE ANYTHING YOU WANT TO CREDIT THE PURCHASER
NAME. AND DEBIT PURCHASE IN CASE OF BOUGHT ITEM FOR
SALES, OR PURCHASE OF ASSET YOU NEED TO RECORD ASSET'S NAME
(MACHINERY, BUILDING0)

Is This Answer Correct ?    3 Yes 0 No

What is general entry credit purchase?..

Answer / shahid raza, pgdm,l.b.s,g.noid

Purchase A/c...... Dr.
To Creditors A/c...

Is This Answer Correct ?    3 Yes 0 No

What is general entry credit purchase?..

Answer / v.rajj

PURCHASEA/C DR
TO CREDITOR NAME A/C

Is This Answer Correct ?    3 Yes 1 No

What is general entry credit purchase?..

Answer / vaibhav sharma

purchase a/c dr
to sundry criditors a/c

( Being cridit purchase )

Is This Answer Correct ?    3 Yes 1 No

What is general entry credit purchase?..

Answer / sony

purchase a/c ............. dr
vat a/c.............dr
to person a/c

Is This Answer Correct ?    2 Yes 1 No

What is general entry credit purchase?..

Answer / shahid raza

purchase A/c dr,
to creditors A/c

Is This Answer Correct ?    1 Yes 0 No

What is general entry credit purchase?..

Answer / nirmal

Entry:-
Purchase a/c. Dr.
To vendor/ supplier a/c

Is This Answer Correct ?    1 Yes 0 No

What is general entry credit purchase?..

Answer / shilna

I have found clear explanation about cash purchase and credit purchase entry with example, follow this post
http://tallygame.com/tally-erp-9/accounting-voucher/purchase/purchase-voucher-entry-in-tally-erp-9/

Is This Answer Correct ?    1 Yes 0 No

What is general entry credit purchase?..

Answer / h.r. sreepada bhagi

First of all it's not General Entry, It should be Journal Entry.

Debit Purchases A/c
Credit the Supplier's A/c

Is This Answer Correct ?    1 Yes 1 No

What is general entry credit purchase?..

Answer / saichetan

purchases a/c dr
To XYZ co. name a/c cr

Is This Answer Correct ?    0 Yes 0 No

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