Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry for credit sale and credit
purchase?
- 24 Answers
- 297094 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
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
I need all WNS interview questions
what is debit/credit note ? what deffered income and expencess?
why should we are preparing BRS
Which entry we pass self entry like cash withdraw for ourself
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
What exactly is derivatives segment. can u explain futures and options with examples...
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
Expand MNS
Expand-------CAN
DEfine SAP
What are Corporate Action?
Short Answer on _________________City Compensatory allowance
Expand SCERT
differences between liabilities and assessts
