Credit Paurchases

Answer Posted / rajesh

credit purchases means without paying the money received
goods from the supplires is called credit purchases

Entry for credit purchases is
purchase a\c dr
To a's a\c

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Difference Between Revenue & Capital Expenditure (Give an Example of each )

1651


what is purchase consideration? How does it come about and how is it treated in the books?

2047


Please explain a Representative Personal Account.

1603


send me accounting test ppaers

1739


Total numbers of companies listed on stock Exchange?

2101






what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

1362


Name some errors which can be detected by Trial Balance

1680


How does the ration analysis help in depicting profit and loss

1701


how standard costing techniques are applied in manufacturing sectors

1726


Can v transfer trail balance to journal entry how and with example?

1754


Expand-------MTRS

1773


A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1435


what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1492


What is Split And buy-back?

2239


We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

1605