What is general entry credit purchase?

Answer Posted / vaibhav sharma

purchase a/c dr
to sundry criditors a/c

( Being cridit purchase )

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the definition of accounting?

620


If a prospective client kept presenting you with excuses not to buy, what would you do?

747


Why an Expenditure is called Differed?

1523


What is the difference between perpetual and periodic inventory systems?

653


Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

1715






How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)

1484


wht is different between defered tax liablities and defered tax assets??????

1316


iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.

2592


what are your current financial and accounting projects? What is your role?

2404


In South Africa , the current rate for value added tax is ?

1211


Explain an example of a tough decision you had to make quickly?

616


I am working in govt. sec. How to make journal entry in books for Fix Deposit

1438


What is the definition of offset accounting?

644


What is the fictitious assets?

647


Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es

1371