. Expenses a/c. Dr.
To vendor a/c. Cr.
What is an impact of this transaction on business
Answer Posted / r. k. mallick
It means Expenses incurred by Business on Credit. The Vendor
a/c will settle on later as per terms & condition.
| Is This Answer Correct ? | 18 Yes | 1 No |
Post New Answer View All Answers
Tell us depreciation and its types?
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
what is use of cost center category in tally ? why & when use this ? what is benfit ?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
What do you know about this position?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
What information is included in a bill for services?
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
What a deferred asset is and give an example?
we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.
Why do you want to be an accountant?
what is loan operations and what are the complete process form from making customer to closure of loan
How do you classify errors in accounting?
What is the basic accounting equation?