Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / srikanth
Purchases may be cash Purchases or Credit purchases.
If you purchase the goods for cash/ bank then the entry
will be-
Purchases A/c dr
To cash / Bank A/c
If you purchase the goods on credit basis, then the entry
will be-
Purchases A/c dr
To Supplier A/c.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Explain me the difference between public and private accounting?
input vat, wht use in wct
List out things that fall under intangible asset?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
purchase return liability or asset?should it be included in the balanced sheet?
what is book building
Tell me in which account does the unpresented cheque will get recorded?
What are the basic assumptions in accounting?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
What are the disadvantages of double entry system?
Explain me have you ever heard about tds, what it is?
Who created snapit accounting?
if my salary is 12000 per month how much i will get after deducting PF an ESI
