Purchase a goods from venkat for cash,it should be credited to
Whom
Answer Posted / srikanth.g
if it is credit purchase then entry will be
purchase a/c Dr XXXXXX
To Venkat & co a/c XXXXX
if it is cash purchase
then it is a payment voucher
venkat a/c Dr XXXXXX
To cash a/c XXXXX
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
what is the method deposit of wct in Delhi
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
How to pass an general entry for materials which are stored in warehouses??????
Tell me what are the key tasks for account executive?
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
Do you know what is balance sheet?
What is the limitaion of the Trial Balance?!
Other accounting interview questions to expect when you interview for an accountancy job include:
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
what is share application money pending allotment?
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
Why do users of accounting information need accounting information?
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales