wt is a/c
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Answer / venkat
a/c is combination of debit and crdit items.It contains
both cash/credit transations.
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Answer / guest
A record of financial transactions for an asset or
individual, such as at a bank, brokerage, credit card
company, or retail store.
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Answer / ramya
Account is where the transaction has to take place such as
variable in liablities and assests, input of cash and out
of cash thais how much debit and credit has take place
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we purchase one material from one party & sale it to other party but the product got problem so 1 st party give us a credit note now the question is how i pass jv in my co. account
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.