1. Categories >> Accounting >> Accounting General
  2. Suggest New Category

Pass journal entries
Purchased goods from mr x on credit 1000

Question Posted / guest

Answers were Sorted based on User's Feedback



Pass journal entries Purchased goods from mr x on credit 1000..

Answer / guest

PURCHASE A/C DR 1000
TO Mr x a/c 1000
(being goods purchased from mr x on cerdit)

Is This Answer Correct ?    176 Yes 8 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / mohd swalin

purchase a/c dr 1000
to mr x a/c 1000

Is This Answer Correct ?    67 Yes 14 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / s. vijaya kumar

Parchase of Goods A/c Dr. 1000
To Mr.X A/c 1000
( Being Goods purchased from Mr. X on credit Rs.1000)

Is This Answer Correct ?    42 Yes 4 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / sushil

purchese a/c dr 1000
to mr x 1000

Is This Answer Correct ?    30 Yes 8 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / manu kant goel

Purchase a/c Dr.
To Mr. X

Is This Answer Correct ?    20 Yes 2 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / anusha

Purchases are treated as expenses.
Expenses - nominal account -debit all expenses
so purchases account is debit.

Mr.X is an creditor because company owes to mr.x
mr.x - oersonal account- credit the benifit giver
so mr.x account is credit

Is This Answer Correct ?    19 Yes 3 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / raghvendra pratap singh

purachase a/c dr.
to mr.x

Is This Answer Correct ?    16 Yes 1 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / manu kant

Purchase A/c Dr. 1000
To Mr. X 1000

Is This Answer Correct ?    14 Yes 0 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / dayakarreddy

purchase a/c Dr 1000
To Mr X a/c 1000

(being Goods Purchasing from Mr x on credit)

Is This Answer Correct ?    10 Yes 2 No

Pass journal entries Purchased goods from mr x on credit 1000..

Answer / gowthamthiru

Purchase A/c "Dr" Rs.1000

To Mr. x A/c Rs. 1000

Is This Answer Correct ?    9 Yes 1 No

Post New Answer

More Accounting General Interview Questions

A business sold goods valued at R1000 excluding vat on credit to a customer. What would be the debit to the customers account if vat is 14% ?

1 Answers  

What is suspence a\c? why it should not transferred to the balance sheet?

4 Answers  

in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?

2 Answers  

What is accounting & why it is used?

0 Answers  

what is accounts payable ..what is accounts receivable

2 Answers  




if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

0 Answers  

What is unabsorbed depreciation ? how its treatment different in taxation vis-a-accounting?

1 Answers   D&B,

what is eps

10 Answers   FactSet Systems,

What is the goodwill, how it will be calculeted.can Goodwill posted on laibiltes side Balance sheet.

9 Answers  

what is use of cost center category in tally ? why & when use this ? what is benfit ?

0 Answers  

what is cenvat

2 Answers  

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

0 Answers  

For more Accounting General Interview Questions Click Here
Categories