Interested to Buy Any Domain ? << Click Here >> for more details...
Accounting entry for credit sales and credit purchases
- 3 Answers
- 4906 Views
- Accenture, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vivek jain
Credit Sales: Debtors a/c Dr.
To Sales A/c (Trading A/c)
Credit Purchases: Purchases A/c Dr.(Trading A/c)
To Creditors A/c
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / raghu.v
Credit sale :-
Customer Name A/c Dr
to Sales a/c
Credit Purchases
Purchases a/c
Vendor Name a/c
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / raghu.v
when credit sale :-
Customer A/c Dr
Sales A/c Cr
when credit Purchases :-
Purchases A/c Dr
Vendor A/c Cr
| Is This Answer Correct ? | 2 Yes | 1 No |
what is mean by credit sales?
with out college degree con't we dc accounting job?
What are Mortgage Payment Problems?
how could we reconcile the cash book balance with pass book balance by pass book Dr. balance with pass book method?
what is vat sett off? service tax?
i request you to give me the sbi bank a/c cleark post , syallbus and any book related to sbi bank a/c clerk
Where we transfer loss in Balance Sheet?
What is journal entry
Contra Entry: I have deposited some amount from company account kannur branch to H.O. bank account. both pnb. What will be the contra entry for this transaction?
What is a Mutual Fund and its types?
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
Name some errors which are not disclosed by trial balance
Audit 
