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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
what is sale entry, purchase entry, credit note , debit note
entry?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
For cash sales: cash a/c debit,sales a/c Credit
For credit sale:Debtos a/c debt, sales a/c Credit
For cash Purchases : Purchses a/c debit, cash a/c credit
For Credit Purchases:Purchases a/c debit, Credit a/credit
For Credit note:Creditor a/c debit, Credit to party a/c
For Debit Note: Debtors a/c creidt, Debit to Party a/c
 
Is This Answer Correct ?    111 Yes 20 No
N.sudhakar Babu
 
Answer
# 2
credit sales: debtors account debit sales account credit
credit purchase:purchase account debit creditors a/c credit
debit note: sales account debit debtors account credit
credit note: creditors a/c debit purchase a/c credit
 
Is This Answer Correct ?    30 Yes 12 No
R.thangavelu
 
 
 
Answer
# 3
in case of cash sales
cash a/c will b debit and sales a/c will credit
in case of credit sales
customer name a/c debit and sales a/c credit
in case of cash purchase
purchase a/c debit
cash a/c credit
in case of credit purchase
purchase a/c debit
supplyar a/c credit
credit note entry is same like crdit sales and debit note entry same as credit purchase . Read above credit sales and purchase entry
 
Is This Answer Correct ?    9 Yes 4 No
Mr. Muhammad Imtiaz
 

 
 
 
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Please tell me who is lible to pay service tax - give category & limit turnover   3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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