Interested to Buy Any Domain ? << Click Here >> for more details...
What is general entry credit purchase?
- 26 Answers
- 34475 Views
- Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 ? | 60 Yes | 3 No |
Answer / suresh rai
PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / janardhan
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 ? | 16 Yes | 3 No |
Answer / shanmuga priya
purchase a/c Dr
To creditors (name of the supplier)
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / zahid mehboob
Dr Purchases A/C
Cr Creditors A/C
Purchases a/c will be a debit because he will be exceed our
asset or stock and other side libility will be increase so
creditor account will be credid.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / monu aggarwal (monu.1526@redif
1. Goods Purchase a/c Dr
To Party's a/c
(Being credit Purchase of goods)
2. Machine Or Furniture a/c Dr
To Party a/c
(Being credit purchase of Assets)
| Is This Answer Correct ? | 6 Yes | 0 No |
what is the use preparing balance sheet
differ the revenue expenditure and capital expenditure
Explain what is liabilities and what all does include in current liabilities?
As per AS-26, preliminary expenses are to be written off in the year in which it is incurred. How will you treat Preliminary expenses in Cash Flow Statement of that year
Withdrawn ₹ 10000 for personal use. [journlise it]
in which voucher we can enter the depreciation entry
what accounts payable applications are your familiar with?
whcich difference between tally version 4.5, 6.5, 9.0, erp 9
what is concept of accounting
Mr.X working in an organization,He as taken to salary advance 10,000 on 15/1/2016.He total salary payed on 30,000 5/2/2016?
I want to know the Payroll Accounting Questions
what do you mean by bank reconocilition statement
Audit 
