Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the journal entry for credit sale and credit
purchase?

Answer Posted / mohammed farooque

Credit sale entries
Party A/c Dr xxxx
Sales A/c Cr xxxx

Cash A/c Dr xxxx
Party A/c Cr xxxx



Credit Purchase entries
Purchase A/c Dr xxxx
Party A/c Cr xxxx

Party A/c Dr xxxx
Cash A/c Cr xxxx

Is This Answer Correct ?    36 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

can payorder be issued for outstation?if yes then how?should it be account payee?

2293


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

2294


What is the Finalization of Accounts?

2290


What is the difference between reserve and provision.

2270


How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.

2389


EXPAND___________IMA

2107


please send me last 3 years question & solution

2128


how to solved the shares qusionas ?

2101


How can fictitious assets be measured or valued?

2105


can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

2248


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

2468


Which Invoice issued on Central Sale Commercial or Retail?

2066


What is the accounting treatment for finance lease in lessee's viewpoint?

2360


How you implemented a chargeback system?

2279


A----------involves transfer of money or moneys worth from one person to another

1931