Can anybody tell the nature of the purchases a/c and what is the reason for

Vendor A/c Dr
To Purchases A/c Cr
In an entry what "TO"(Near Purchase) means or stands for or
used for or from which accounting angle we have to use.

Question Posted / adapa.hemaseshasaithi

Answer Posted / adapa.hemaseshasaithi

Can anybody tell the nature of the purchases a/c and what is the reason for it?

Is This Answer Correct ?

0 Yes

0 No

Please Help Members By Posting Answers For Below Questions

What are a debit note and credit note with an example?

1120

How much mathematics knowledge is necessary or required in accounting?

1081

Tell me what is project implementation?

1060

I want to know the Payroll Accounting Questions

2745

What is service tax & excise?

1161

Into which account do we close the revaluation account balance during the winding up of a company?

2026

What are the steps to take before you approve an invoice for payment?

1218

What are negative postings?What are Credit memos ?Payment Requests ?

2189

Explain what does the standard journal entry includes?

1076

What are control ledgers?

1209

What is meaning of invoice?

1276

can we change date in tally.erp s/w in educational mode ?

1677

Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP

1970

what is differnce between balance sheet of a bank & a company

2108

What is an operative accounts?

1107