what is mean by debit purchase

Answers were Sorted based on User's Feedback



what is mean by debit purchase..

Answer / mohd bilal

debit purchase means that we purchase it or the goods are coming in. as we know that goods are assets we need to debit it.remember wheather the transaction is for cash bank credit always purchase account shows debit balance.

Is This Answer Correct ?    47 Yes 7 No

what is mean by debit purchase..

Answer / selvam

Debit Purchase means Cash purchase

Is This Answer Correct ?    34 Yes 14 No

what is mean by debit purchase..

Answer / jy

All kind of Cash and Credit purchase.

Is This Answer Correct ?    6 Yes 6 No

what is mean by debit purchase..

Answer / shilpa

Debit purchase means non cash purchase.. like purchasing from debit card is a debit purchase.

Is This Answer Correct ?    6 Yes 15 No

what is mean by debit purchase..

Answer / sam

A company that purchases debt from creditors at a discount. Debt buyers, such as a collection agencies or a private debt collection law firm, buys delinquent or charged-off debt at a fraction of the debt's face value.

Is This Answer Correct ?    1 Yes 11 No

Post New Answer



More Accounting General Interview Questions

How to prepare in yearly turnover?

0 Answers   Geepas,


What is meant by Centeral Excise tax waht percentage its calculated

3 Answers  


in bank statement what is the tras date? and value date? what is the difference?

2 Answers  


TDS %AGE ON CALLIBRATION CHARGES BILL

0 Answers   Milestone,


I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers  






What are time sheets? How are they maintained?

0 Answers  


why u maintain accounts in business

2 Answers  


Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50

0 Answers   Tech Mahindra, Shore Infotech,


What is meant by partitioning?

0 Answers  


treatment of reserve fund in trail balance whether debit or credit.

2 Answers  


how to know which item is contingent liability? and why it is not taken in treatment in final a/c....

1 Answers  


While calculating TDS are we to take the value+Tax and then arrive at or take only the value

2 Answers  






Categories