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What is general entry credit purchase?

Answer Posted / jyoti

Puchase A/C DR
To Creditor A/C

Is This Answer Correct ?    7 Yes 1 No



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Please Help Members By Posting Answers For Below Questions

suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

2281


What is deferred account?

1220


were you happy with the grades you achieved at a-level?

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Tell me what is the abbreviation for the accounting terms debit and credit?

1023


Under what type of account do the unearned revenues fall?

1006


What is journalizing?

1134


What is bond ? What is capital market?

2010


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

2497


Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2471


How can you define departmental accounting?

1259


Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?

1115


when receieve cheque from a party and we deposite cheque in bank how do this entry

5160


What are the characteristic features of financial accounting?

1036


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5421


what is dmat charges?

1956