what is journal for Credit purchase
Answers were Sorted based on User's Feedback
Answer / suraj.s.h
Purchase A/c Dr.
To Supplier's A/c, say, Mr.X A/c
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / jyoti chauhan
it is an account or journal which have to maintain on every
purchase which had done on credit basis
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sunny
PURCHASE a/c Dr.
TO Mr. X
Mr. X a/c Dr.
TO CREDITORS
| Is This Answer Correct ? | 2 Yes | 9 No |
What is continuous audit?
Whether the term loan which was long term as on Mar-11, but now it is short term due to its repayment within one year from the reporting period. Whether it should be classified as short term borrowings or other current liabilities as per Revised schedule VI.
1)how will you check the expenses?
what is convectional audit
How many types of Audit?
what is the accounting treatment on Putoption over own shares.?
How to raise capital (equity) in non-listed company?
How do one write an interim audit report?
What does an internal audit charter contain?
What to do after the audit?
what is auditing?
internal checksystem