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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is sale entry, purchase entry, credit note , debit note
entry?
 Question Submitted By :: Jaggu24
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is sale entry, purchase entry, credit note , debit note entry?
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 ?    102 Yes 19 No
N.sudhakar Babu
 
  Re: what is sale entry, purchase entry, credit note , debit note entry?
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 ?    29 Yes 11 No
R.thangavelu
 
 
 
  Re: what is sale entry, purchase entry, credit note , debit note entry?
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 ?    8 Yes 2 No
Mr. Muhammad Imtiaz
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
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we have recd. 2 c form agn. 1 qtr so can we issue 2 e-1 form abc 1
What the tax rate deduct on advertisement in nerwspaper in year 2010-11?   4
how to calculate sub contract tds his bill 48500? Capital-IQ 6
Dear friends, can A trading firm register with excise? i want to know all about excise.   1
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what is PBT? FBT? how they are calculated?   1
can some one pls explain briefly about 'Differed Tax'?   2
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What is the maximum amount to issue Form C to a dealer for the purchase of 40 crores in several bills in a quater?   3
HOW MANY TIPE OF BALANSHEET   5
how many forms of vat return is ABC 2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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