Answer Posted / pavan

credit purhase is a purchase No need to Pay at the time of
Purchase but liable to be paid in future. the person to
whom we are liable is called creditor
Ex: Payment through cheques also Credit purchase

Absorve in the Bills there are two optins Cash/Credit
Purchase by cash its cash purchase
Purchase by Cheque its credit Purchase
We not paying cash at time of Purchase

A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch

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EXPAND___________NBW

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I want to know with example of vat & Salestax

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