Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the journal entry for credit sale and credit
purchase?

Answer Posted / santhosh

Credit Purchase
Purchase A/c Dr
Party or Supplier A/C Cr

Credit sales
sales A/C Dr
Party A/C cr

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

2048


Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

2060


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

2097


Expand-------ANTS

2036


how to calculate share values of a company.

2175


Expand RMP

2336


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

2025


Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .

2079


define drawer or maker

4235


What is the basic difference between pledge, hypothication and mortgage????

2292


How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)

2819


give me only one transactions in both side (debit&credit) should be in real accounts

2185


What Kind Of Requirements for Vat Refund And Assessment Cases

1864


which Electrical items is Exciseible

2274


How to maintain Purchase Orders ? Please explain by proper format.

2246