Interested to Buy Any Domain ? << Click Here >> for more details...
Purchase a goods from venkat for cash,it should be credited to
Whom
- 9 Answers
- 18058 Views
- TCS, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / yogendra.c
Answer is Cash A/c, As it is cash Purchase.
Journal Entry & Proof as follows:
---------------------------------
* Cash Purchase:
----------------
Dr. Purchases A/c (Real A/c, Dr.What Comes in)
Cr. Cash A/c (Real A/c, Cr. What goes out)
* Credit Purchase:
------------------
1. Purchase entry:
Dr. Puchases A/c (Real A/c, Dr.What Comes in)
Cr. Creditor A/c (Personal A/c, Credit the Giver)
2. Payment Entry to Creditor:
Dr. Creditor A/c (Personal A/c, Dr.the receiver)
Cr. Cash A/c (Real A/c, Cr. What goes out)
| Is This Answer Correct ? | 9 Yes | 1 No |
Purchase a/c dr
To cash a/ c
( being purchased goods for cash from venkat)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / srikanth.g
if it is credit purchase then entry will be
purchase a/c Dr XXXXXX
To Venkat & co a/c XXXXX
if it is cash purchase
then it is a payment voucher
venkat a/c Dr XXXXXX
To cash a/c XXXXX
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / junaidi
Purchase or Goods will be debited as Goods are coming in when we are purchasing goods
So Purchase A/C will be debited not cash
Entry will be
Purchase A/C Dr
To Cash A/C cr
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / praveen kumar
cash a/c. The entry is
Purchase a/c dr
To Cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
hi friends... what it is the journal entry to be passed when the loan sanctioned by one bank and same the cheque was deposited in another bank on same day.? thanks & regards
how to pass entry of petty cash in tally 7.2
what is MD050
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
is we should taken the cl or op. stock in trail balance
what is the basic difference between pooling of interest method and purchase method in amalgamation
What will be journal entry of cost of goods sold.
21 Answers Cura HealthCare, Ernst Young,
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
What is the accounting entries for future dated payment method
what is difference between company and firm
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
Mention what are things will not be included in a bank reconciliation statement?
Audit 
