What is the journal entry for credit purchases.

Answer Posted / s.srinu

purchases a/c -----------Dr
To Accounts payble a/c
(Being purchased goods on credit)

Is This Answer Correct ?    12 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...

1723


how an accountant can do budgetery controls of expenses?

1682


When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

1767


What was use of tally erp 9? Types of vat?

1176


what are the models of valuation of the company

1543






write about an e-mail to manager seeking permission for leave

4352


I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??

1486


What is meant by retiring Bill

1504


Explain about Fluctuating Capital

2145


You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

1564


What is Trade Recovery Estimate and how can we calculate it?

1507


How do you handle lack of direction or working in chaos

1573


Expand---------DBPC

1678


Anyone whose sbi interview has been over , please share all the question asked by them

1499


Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?

1593