Dear Sir,

We are running a security agencies (Man power Service
Provider)we bought security uniform from our vendor. please
suggest us, we may make entry through Purchase Entry or
Journal Entry what is suitable for accounting ???

Answer Posted / amit kapil

purchase a/c dr


cash a/c cr

Is This Answer Correct ?    0 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?

1590


Cello pen gross value is 935.89 for 12 nos 14.5% tax

1426


What are its characteristic features of financial accounting?

750


Do you have any professional experience in this field?

642


The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

1914






how to create salary and pf statement in excel sheet?

1488


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?

1094


wat is mass allocation and when it is used

1614


What is computerized accounting?

640


I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.

1380


What is the difference between lc and bg(letter of credit

1478


PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?

1489


How much mathematics knowledge is necessary or required in accounting?

625


I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

1638


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3289