Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / s4sridhar@gmail.com
Raw Material A/c. Dr. XXX
To Sundry Creditors A/c. Cr. XXX
Note to all: Since we are receiving (any) material so it
should be debit instead of debiting Purchases .
| Is This Answer Correct ? | 1 Yes | 10 No |
Post New Answer View All Answers
Define balancing in accounting?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
cash credit taken from bank then what is the general entry?
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
What is journalizing?
what will be the entry for inventory
Tell me why do you apply for a job of an account executive?
Why company issue shares at discount as its a loss ?
Why Company maintain's books of account?
Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.
Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A
when & how interest on unsecured loan is calculated?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
correction of sundry creotors
