Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry for credit sale and credit
purchase?
- 24 Answers
- 295434 Views
- Accenture, Cap Gemini, Consero Global, Fauji Fertilizer, Genpact, HP, IBM, Insurance, OPG, Vibro, Xerox, I also Faced
- E-Mail Answers
Answer Posted / guruprasad
1. Credit Sale:-
Party (Sundry Creditor) A/c Dr.
To Sales A/c
(Being Credit Sale made)
2. Credit Purchase:-
Purchase A/c Dr.
To Party (Sundry Debtors) A/c
(Being purchase made for Credit Basis)
| Is This Answer Correct ? | 571 Yes | 365 No |
Post New Answer View All Answers
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
what are the importance accounting entries for AP and AR process in interview..
what are all the formulas used in bank to calculate their economy
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
interest paid comes under which head
Is commodities transaction tax a permissible business expenditure? Explain
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
Mostly what type of manufactures are coming under TDS and basic rate for each category
distinguish between Bill of Exchange and Promissory Note
why do think you are best candicate for this post.
how we could adj. the entries of prop. & firm in merging time
differed tax liability
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
how there face in lvbank interview
What are the types of journal categories available in the Oracle AP?
