Interested to Buy Any Domain ? << Click Here >> for more details...
What is general entry credit purchase?
- 26 Answers
- 34679 Views
- Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 ? | 60 Yes | 3 No |
Answer / suresh rai
PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / janardhan
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 ? | 16 Yes | 3 No |
Answer / shanmuga priya
purchase a/c Dr
To creditors (name of the supplier)
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / zahid mehboob
Dr Purchases A/C
Cr Creditors A/C
Purchases a/c will be a debit because he will be exceed our
asset or stock and other side libility will be increase so
creditor account will be credid.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / monu aggarwal (monu.1526@redif
1. Goods Purchase a/c Dr
To Party's a/c
(Being credit Purchase of goods)
2. Machine Or Furniture a/c Dr
To Party a/c
(Being credit purchase of Assets)
| Is This Answer Correct ? | 6 Yes | 0 No |
What is suspense account?
What do u mean by accounting?
Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method
in tally software, how is the entry for stock brought by owner in to the business as capital?
Why is accuracy important in accounting?
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
in accounting process there is summerizing. what is sumarizing? and an relevant example of summarizing?
BANK
what is the difference between TDS & TCS? Note:- Plz don't tell the ful form of tds & tcs
3 Answers Jaguar, National Granites,
Horizontal balance sheet versus Vertical balance sheet
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
capital is a assets but its shows in liability side. why?
Audit 
