what is purchase entry how to book the entry

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what is purchase entry how to book the entry..

Answer / srikanth

purchase a/c dr
To cash a/c

Is This Answer Correct ?    10 Yes 2 No

what is purchase entry how to book the entry..

Answer / vinuta

on Credit

Purchase a/c dr
To party a/c

Is This Answer Correct ?    3 Yes 0 No

what is purchase entry how to book the entry..

Answer / kallol saha

If fixed assets purchased on credit

Fixed Assets A/c dr
To Creditorr

Is This Answer Correct ?    3 Yes 0 No

what is purchase entry how to book the entry..

Answer / venkatesh

purchase a/c drTo cash a/c 

Is This Answer Correct ?    2 Yes 0 No

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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com

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