Answer / motilal

Purchase order is not a Transaction in accounting, it is a
process for confirmation of purchasing that after receiving
goods you can no deny for purchasing.

so, There is no entry for purchase-order.

Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 5) If cheque is received from the tenant, journal entry=? 6) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.

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our company given party to employees. this expenditure which account head booked ? please tell me

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What is suspense account?

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Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me

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withdrew cash for domestic use ?

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book keeping is the art of recording------in the books of accounts

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if profit increase by 25percente, how much consumtion level ll be decrease to kept cost of goods sold same?

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1.What is the entry sales and Purchases including discount and TCS 2.if sales but suddenly road accident and only party received 80% and balance staled the insurance company what is entry in accounting booked

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Tell me why some asset accounts have a credit balance?

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What do you find most satisfying about this job?

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