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what do you mean by the word Purchase
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Answer / sandhya
purchaces means purchases of goods unless it is stated otherwise.It also represents goods purchased.
| Is This Answer Correct ? | 2 Yes | 1 No |
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
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