Answer Posted / moorthy_kani
A buyer can purchase goods for debit. that buyer is a debtor
of that receiver,while purchasing the goods bill will make
that bill copy send to buyer that transaction is called
bills of exchange.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
What is the use of accounting?
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?
Explain how you can adjust entries into account?
Is an "account receivable" and "goodwill" real accounts in accounting?
Tell me what are the activities that includes in cash flow statement?
sir i want know how to fill vat return
What are the accounting entries for branch accounts?
What is fractional code and how can i get a fractional code for a particular account?
what is one way , two way matching , three way , four way matching ?
what is cost unit n what is cost sheet?
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
Tell me what do we mean by purchase return in accounting?
Can you name any other accounting application?
