Interview Questions Answers in Accounting AllOther

dileep hoysal

{ City } mysore
< Country > india
* Profession * audit assistant
User No # 82639

Total Questions Posted # 0
Total Answers Posted # 1

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 1
Users Marked my Answers as Wrong # 0

Questions / { dileep hoysal }

Questions Answers Category Views Company eMail

Answers / { dileep hoysal }

Question { Genpact, 18727 }

Credit Paurchases

Answer

Credit purchase means goods purchased but the payment will in future date, so the entry will be

Purchases a/c Dr
To Sundry Creditor A/c
(Being, goods purchased in credit)

Goods real a/c, Debit What comes in,
Creditor personal a/c, credit the giver.

Is This Answer Correct ?

1 Yes

0 No