what is the journal entry for credit sale and credit
purchase?
Answer Posted / anupam kumar
Sundry Debtors A/C Dr xxx
or
Party name A/C Dr
To Sales A/C Cr xxx
purchase A/C Dr xxx
To Sundry Creditors A/C Cr
or
Party name A/C Cr xxx
Is This Answer Correct ? | 50 Yes | 10 No |
Post New Answer View All Answers
• What is depreciation and the method?
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
What is COVER payment?
---------is the main or principle book of accounts
Short Answer on _____________Whole Sale Trade
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
how to do the finalise of account? what is the step? why we need to do like that?
why the RRB'S not lend loans directly to farmers?
please give the sbi bank clerk exam paper model in last five years?
Who to create a budget on software company
what is pre post expenses
What are events occuring after the balancesheet date?
why are you selecting for the controlling area same company code?