Answer / barodianbuddy(acca)

PURCHASE DR XX
PAYABLE S (NAME) CR XX

Answer / chku

Purchase a/c ....dr
to supplier a/c

Answer / divyagirantla1995@gmail.com

purchage accounts dr
To vender account

Answer / g.nagarjuna

Purchase a/c Dr
To seller business name
(Towards purchase of goods for credit payment)

Answer / ammu

2. Credit Purchase:-

Purchase A/c Dr.
To Party (Sundry Debtors) A/c
(Being purchase made for Credit Basis)

Answer / maruthi

credit purchase (name of person or comopeny) a/c Dr
To machinery or assets a/c

why don't we take cash and bank accounts into realisation a/c

4 Answers  

Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

0 Answers  

what is balance sheet?

3 Answers  

Futures

2 Answers   Bank Of America,

What is the difference of cost accounting and financial accounting?

0 Answers  

what is accrued expense

4 Answers  

What is the purpose of preparing a bank reconciliation and why is it necessary?

4 Answers  

8- What do you understand by accounts receivable and accounts payable and its schedule?

1 Answers  

hi What is entry when goods/material reced on 31st March but,invoice yet not received.

3 Answers  

Explain the Steps to Define Recurring Invoices

0 Answers   Accenture,

"money left on the table," what it means???

5 Answers   SMC,

for which account the cost centre should be given?

1 Answers