What is general entry credit purchase?




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What is general entry credit purchase?..

Answer / ashkar ali v.k

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 ?    52 Yes 3 No

What is general entry credit purchase?..

Answer / suresh rai

PURCHASES A/C DR
TO PERSON (CREDITOR'S NAME) A/C

Is This Answer Correct ?    15 Yes 1 No

What is general entry credit purchase?..

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 ?    14 Yes 3 No




What is general entry credit purchase?..

Answer / shanmuga priya

purchase a/c Dr

To creditors (name of the supplier)

Is This Answer Correct ?    11 Yes 1 No

What is general entry credit purchase?..

Answer / vasu

Purchase a/c Dr


To Person name a/c

Is This Answer Correct ?    8 Yes 0 No

What is general entry credit purchase?..

Answer / jubeda

PURCHASES A/C DR. XXX
TO PARTY'S A/C XXX

Is This Answer Correct ?    9 Yes 1 No

What is general entry credit purchase?..

Answer / jubeda

PURCHASES A/C DR. XXX
TO PARTY'S A/C XXX

Is This Answer Correct ?    7 Yes 1 No

What is general entry credit purchase?..

Answer / jyoti

Puchase A/C DR
To Creditor A/C

Is This Answer Correct ?    7 Yes 1 No

What is general entry credit purchase?..

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 general entry credit purchase?..

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 ?    6 Yes 1 No

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