Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / guduri
Purchase account will be always debited.But the credit
entry will differ from occassion to occassion
1.If it is purchased on cash -Purchase Dr and Cash will be
credited
2.If it is purchased thru cheque Credit entry will be
replaced by Bank
3.If it is purchased on credit the credit entry will be
replaced by the suppliers name
If you keep all these things in mind it will be very easy
to transact any thing
Pl visit my Web www.therealaccountants.com
| Is This Answer Correct ? | 35 Yes | 3 No |
Post New Answer View All Answers
bank exam paper
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
HOW TO MAINTAIN BANK A/C
What was use of tally erp 9? Types of vat?
How to raise my credit score if I have 500 credit score?
Short Answer on _________Financial accounting
Expand-------BANT
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
What exactly balance sheet depicts
Short Answer on ________Ad-Valorem Duties
what is the document spliting?
Expand---------TDCB
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
EXPAND_________SEB
