general entry for credit purchases, credit sales, golden
rules of accounting,what is contribution.

Answer Posted / anil ahuja

purchase a/c Dr

Party a/c Cr

Is This Answer Correct ?    7 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

1540


What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

667


If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?

2021


what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?

1642


how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.

1618






the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled

1304


What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?

1851


i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1404


if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1125


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

980


can i material bill book in miro without vat on transport charges ?

1612


WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.

1888


What is your greatest achievement and why?

597


Explain what qualities and skills make an account manager successful?

643


what is profit maximisation

1645