What is general entry credit purchase?
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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 |
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hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
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Audit 
