What is general entry credit purchase?
Answers were Sorted based on User's Feedback
Answer / pratik muley
PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C
IF YOU PURCHASE ANYTHING YOU WANT TO CREDIT THE PURCHASER
NAME. AND DEBIT PURCHASE IN CASE OF BOUGHT ITEM FOR
SALES, OR PURCHASE OF ASSET YOU NEED TO RECORD ASSET'S NAME
(MACHINERY, BUILDING0)
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / shahid raza, pgdm,l.b.s,g.noid
Purchase A/c...... Dr.
To Creditors A/c...
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vaibhav sharma
purchase a/c dr
to sundry criditors a/c
( Being cridit purchase )
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sony
purchase a/c ............. dr
vat a/c.............dr
to person a/c
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / nirmal
Entry:-
Purchase a/c. Dr.
To vendor/ supplier a/c
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shilna
I have found clear explanation about cash purchase and credit purchase entry with example, follow this post
http://tallygame.com/tally-erp-9/accounting-voucher/purchase/purchase-voucher-entry-in-tally-erp-9/
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / h.r. sreepada bhagi
First of all it's not General Entry, It should be Journal Entry.
Debit Purchases A/c
Credit the Supplier's A/c
Is This Answer Correct ? | 1 Yes | 1 No |
How to make balance sheet, please advise me in details... Thankx
what is the relation of accounting subject with other subjects like economics commerce and statistics?
What is the Mean of TDS,Benefits of TDS,Demerits of TDS?
what is t code of journal voucher report with amount?
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
Capital employed
what is contingent liabillity ?
Kindly tell me some journal entry of provision . 1) Make provision for Rs 100 teliphone bill on 31 March 2010. 2) teliphone bill received Rs 150/- on dated 10 Apr 2010. What will be journal entry for both case in tally.
what is ratio analysis
in Sensex and Nifty, what is the measure to take the points
Who is lance Armstrong ?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?