What is general entry credit purchase?
- 26 Answers
- 27121 Views
- Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pratik muley
PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C
IF YOU PURCHASE ANYTHING YOU WANT TO CREDIT THE PURCHASER
NAME. AND DEBIT PURCHASE IN CASE OF BOUGHT ITEM FOR
SALES, OR PURCHASE OF ASSET YOU NEED TO RECORD ASSET'S NAME
(MACHINERY, BUILDING0)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / shahid raza, pgdm,l.b.s,g.noid
Purchase A/c...... Dr.
To Creditors A/c...
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vaibhav sharma
purchase a/c dr
to sundry criditors a/c
( Being cridit purchase )
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sony
purchase a/c ............. dr
vat a/c.............dr
to person a/c
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / nirmal
Entry:-
Purchase a/c. Dr.
To vendor/ supplier a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shilna
I have found clear explanation about cash purchase and credit purchase entry with example, follow this post
http://tallygame.com/tally-erp-9/accounting-voucher/purchase/purchase-voucher-entry-in-tally-erp-9/
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / h.r. sreepada bhagi
First of all it's not General Entry, It should be Journal Entry.
Debit Purchases A/c
Credit the Supplier's A/c
| Is This Answer Correct ? | 1 Yes | 1 No |
what is the t code for report of miro booking & fb60?
companys act
if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally?
What is Ariba? How it is working?
Prepaid insurance entry
what is the relationship between cost accounting financial accounting and managerial accounting?
Types of errors in account
what is mutual fund?
what is capital expenditure
HOW TO CALCULATE VAT, INCOME TAX , ESI , PRO.TAX. P.F,
what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
Audit 
