Purchases entry?
Answers were Sorted based on User's Feedback
1) Purchase on credit:--
Purchase a/c .......Dr
To Supplire/Vendor a/c
2) Purchase on cash:--
Purchase a/c .......Dr
To cash a/c
3) Parchase (if mentioned goods i.e. furniture, pen etc.)
on cash
Furniture/pen a/c.......Dr
To cash a/c
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / preeti piplani
Purchase in cash:----
Purchase A/c Dr
To Cash/Bank
Purchase in Case of Credit:---
Puechase A/c Dr
To Creditor
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / shreeram
purchases(goods) a/c dr
To cash a/c
(Being purchased on cash)
purchased a/c dr
To supliers a/c
(being purchased on credit)
Is This Answer Correct ? | 2 Yes | 0 No |
Purchases may be cash Purchases or Credit purchases.
If you purchase the goods for cash/ bank then the entry
will be-
Purchases A/c dr
To cash / Bank A/c
If you purchase the goods on credit basis, then the entry
will be-
Purchases A/c dr
To Supplier A/c.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahendra
BY PURCHASE A/C DR. ------
TO CASH/CREDIT CR. --------
Is This Answer Correct ? | 0 Yes | 0 No |
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