Purchases entry?

Answer Posted / preeti piplani

Purchase in cash:----
Purchase A/c Dr
To Cash/Bank
Purchase in Case of Credit:---
Puechase A/c Dr
To Creditor

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

1708


What steps would you take before approving an invoice for payment?

623


What's the accounting entry when an Invoice is created in AR?

1590


What is the use of accounting?

651


how to pass entry in tally Rs 50000 cheque paid to son by father

1119






WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.

1659


What are the advantages of computer accounting over paper accounting?

601


What Is Responsibility Accounting?

722


pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

2468


Do you think there is any difference between inactive and dormant accounts?

741


what is the difference b/w gain and profit?

1504


how many types excise audits and when they are applicable to firm

1606


what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716

3157


There is no item category assigned to account

1680


What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.

34154