What is general entry credit purchase?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me how much statistics knowledge is necessary or required in accounting?

3543


How to show Airticket Expense on Company's A/c as Company expense

1366


What a deferred asset is and give an example?

622


Explain what is double-entry accounting? Explain with an example?

651


In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1474






salary and rent entry with tds deduct

1251


What is deferred account?

665


What is account in accounting?

650


hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately

1475


Pls let me know Job profile for Account Manager.

1515


Tell me what is gaap?

618


hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

1263


Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.

1567


Explain what is involved in the process of double-entry accounting?

1859


x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

1690