What is general entry credit purchase?

Answer Posted / v.rajj

PURCHASEA/C DR
TO CREDITOR NAME A/C

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1408


What is accounting normalization?

643


What is the journal entry of building rent and TDs payment?

1113


What are the 4 types of ppe?

711


6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

1560






As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

622


what is ment by suspence account and dummy account

1570


What is a ledger? What do you mean by ledger posting?

656


What is the master account?

615


Mention the types of ledgers?

712


What is corporate assesses?

1955


What is absorption costing with defination? and what is marginal costin with defination?

2534


What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?

1092


Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

1716


Mention what is bank reconciliation?

762