Answer / dhanpal singh

vendor a/c dr
sale tax a/c dr
To inventory a/c
To sale tax payable a/c
as per tally accounting

Answer / mohd asif

purchase a/c dr
sundry creditors a/c cr
sundry debtors a/c dr
sales cr

Answer / hafiz m.usman

CREDIT PURCHASE

Inventory a/c (Dr)
sales Tax a/c (Dr)
Supplier a/c (Cr)


CREDIT SALES

Customer a/c (Dr)
sales Tax a/c (Cr)
Inventory a/c (Cr)

Answer / cecil

Journal entry is an entry to the journal.
Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur.
Ledger is a record that keeps accounting transactions by accounts.
Account is a unit to record and summarize accounting transactions.

All accounting transactions are recorded through journal entries that show account names, amounts, and whether those accounts are recorded in debit or credit side of accounts.

http://accountinginfo.com/study/je/je-01.htm

Answer / anil

Debtors a/c dr
     to Sale a/c

Tell me what does the investment of personal assets by the owner will do?

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service tax calculated on agreement value or market value whichver is higher for builders?

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What do you mean by contingent liability?

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what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?

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Non-performing Asset (NPA)

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2 Answers  

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Dillution effect on EPS

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What is the difference of Fund Flow Statement and Cash Flow Statement?

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