Interested to Buy Any Domain ? << Click Here >> for more details...
what is exact entry for cash receipts and cash payments?
did sales n purchases invoices are issued to this receipts
n payments?
- 4 Answers
- 8277 Views
- BoA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prakash v kanade
Cash account is debited when cash is received and the
credited when paid with corresponding person's account
credited or debited respectively. This is on the
assumption that sale or purchase invoice is generated and
accounted on a previous date.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ravi
purchase a/c ...........dr
to cash a/c.........cr
(it is cash payment)
cash a/c............dr
to sales a/c.....cr
(it is cash receipt)
ravi
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
cash is an asset and its natural position is always Debit
From whatever source you receive cash you debit it.While
utilising the cash you have to reverse the natural
position i.e you credit it. By making a credit the value of
the cash will come down
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / musthafa kotopadan
When receipt cash From debtors
-------------------
Cash A/C DR
Accounts Receivable A/R CR
(cash receipt#256. on invs#.1254)
When Pay cash to creditors
---------------------------
Accounts Payable A/C DR
CASH A/C C/R
(cash Paid#5261. on invs#.4568)
If cash purchase or sale (receipt and payment)
------------------------
Cash a/c dr
Cash sale a/c cr
and
Purchase on cash a/c dr
Cash a/c cr
| Is This Answer Correct ? | 1 Yes | 0 No |
What is Trade Recovery Estimate and how can we calculate it?
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
Expand SCERT
Dismissed the watchman after paying him Rs.200 towards his salary.? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
what difference between current cost and current value?
What is income tax,sales tax and vat?
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
what is the meaning of derivative.
25 Answers Capital IQ, PAD, UBS, Unicon,
salary is which type of account??
What are direct and indirect expenses
WHAT IS THE DIFFERENCE BETWEEN RESERVE CAPITAL AND CAPITAL RESERVE?
Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three
Audit 
