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what is the journal entry for credit sale and credit
purchase?
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Answer / ganeshan m
sundry debtors a/c Dr
To sales a/c
sundry creditors a/c Dr
To purchase a/c
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / jayesh
1) credit sale
party a/c ......Dr.
To sales A/c
2) purchase Credit
purchase A/C.....Dr.
To Party A/C
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / shaik alaudeen
Journal Entry for Credit Sales :
Sundry Debtors A/c (Dr) xxx
To Sales A/c xxx
Journal Entry for Credit Purchases :
Purchases A/c (Dr) xxx
To Sundry Creditors A/c xxx
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / mohammed imran
credit sale:
(party)sundry debtor a/c Dr. xxxx
.To sales a/c Cr. xxxx
(being goods sold on credit)
credit purchase:
purchases a/c Dr. xxxx
.To (party)sundry creditor Cr. xxxx
(being goods purchase on credit)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kumar
credit purchases.
purchases a/c.............dr
to sundry creditor a/c..........cr
credit sale
sundry debitor a/c..........dr
to credit purchases a/c ...............cr
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / tapan kumar prusty
credit sale voucher
party a/c name-sundru debtor(DR)
credit purchase voucher-
party a/c name- sundru creditor(CR)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / santhosh
Credit Purchase
Purchase A/c Dr
Party or Supplier A/C Cr
Credit sales
sales A/C Dr
Party A/C cr
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / khushi
1.credit sales
Accounts receivable a/c dr.
To sales a/call
2.credit purchase
Purchase a/c dr.
To vendor a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prasad
Debaters a/c dr
to sales
to vat out put a/c
purchaser a/c dr
vat input a/c dr
to creditors a/c
| Is This Answer Correct ? | 2 Yes | 3 No |
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