Credit purchase entry

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Question Posted / anushka

10 Answers
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Ernst Young, FIC, I also Faced
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Credit purchase entry..

Answer / anushka

purchase a/c dr
To party a/c

Is This Answer Correct ?

60 Yes

0 No

Credit purchase entry..

Answer / sunilkumarsuresh

Purchase a/c Dr

To Creditor's Acccount

Is This Answer Correct ?

16 Yes

0 No

Credit purchase entry..

Answer / jaanu

Dear Anushka you are asking question and also giving right
answer then why you are confusing, yes it is correct answer,

Is This Answer Correct ?

17 Yes

2 No

Credit purchase entry..

Answer / jubeda

purchases a/c dr xxx
To party's a/c xxx

Is This Answer Correct ?

5 Yes

1 No

Credit purchase entry..

Answer / jubeda

purchases a/c dr xxx
To party's a/c xxx

Is This Answer Correct ?

3 Yes

1 No

Credit purchase entry..

Answer / jagadish kolar

Hi both anuksha and jaanu answer is right

Is This Answer Correct ?

3 Yes

2 No

Credit purchase entry..

Answer / guest

purchase a/c................dr
To Party a/c
(being credit purchase from any party)

Is This Answer Correct ?

1 Yes

0 No

Credit purchase entry..

Answer / e. guru prasad

Purchases a/c dr
To Sundry Creditors' a/c

Is This Answer Correct ?

1 Yes

4 No

Credit purchase entry..

Answer / s4sridhar@gmail.com

Raw Material A/c. Dr. XXX

To Sundry Creditors A/c. Cr. XXX

Note to all: Since we are receiving (any) material so it
should be debit instead of debiting Purchases .

Is This Answer Correct ?

1 Yes

10 No

Credit purchase entry..

Answer / kiran

purchases
to bank

Is This Answer Correct ?

3 Yes

18 No

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