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.

Answer / selvam

Debit Purchase means Cash purchase

Answer / jy

All kind of Cash and Credit purchase.

Answer / shilpa

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

I am going to take interview of some candidate for the position of Accountant. Therefore, I want to know what type of question I shall be ask to the candidates. Please suggest.

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whether bills of exchnge can come under the category of reserves and surplus

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