What is general entry credit purchase?

Answer Posted / sony

purchase a/c ............. dr
vat a/c.............dr
to person a/c

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Sir i want to ask that if the salary above 6500/- than also pf deduct.

1419


How many invoices on average do you handle on a weekly/monthly basis?

676


Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

1511


rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.

1232


A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

1695






if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.

1871


Tell us what kind of work environment do you prefer?

592


How does Cheques work while processing it in SAP? What are the effects and the methods.

1751


PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)

1568


What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

1475


Explain the term account payable?

605


what is the accounting treatment in tally of free goods received with goods purchased.

6643


What are control ledgers?

683


Explain how you can adjust entries into account?

655


Do you have any professional experience in this field?

642