Answer Posted / zahid mehboob
Dr Purchases A/C
Cr Creditors A/C
Purchases a/c will be a debit because he will be exceed our
asset or stock and other side libility will be increase so
creditor account will be credid.
Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
Expand ctc cheque?
Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
What is the provision? What is the entry for provision?
Explain what is bank reconciliation?
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
What is the difference of cost accounting and financial accounting?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
Tell me why some asset accounts have a credit balance?
How is the accounting for lease transactions done?
Journalise- opened a saving a/c with S.B.I. ?
WHERE WE CAN USE VAT 5%,14.5%
What accounts are to be debited and credited in this case o