Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is general entry credit purchase?

Answer Posted / h.r. sreepada bhagi

First of all it's not General Entry, It should be Journal Entry.

Debit Purchases A/c
Credit the Supplier's A/c

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

2113


What is the procedure of submit bank guarantees and cancellation.

2535


How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary

1685


Can you differentiate public and private accounting?

1284


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

1027


WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?

6547


1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).

2054


What is the diffrent job&project accounting?

1861


Explain what is the disadvantage of double entry system?

1086


what s account

2066


Tell me why do you apply for a job of an account executive?

1090


i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive

1476


In accounting, how do you define the premises?

1261


saji become insolvant -what is journal entry

1782


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!

2161