Interested to Buy Any Domain ? << Click Here >> for more details...
Vendor A/c Dr
To Purchases A/c Cr
In an entry what "TO"(Near Purchase) means or stands for or
used for or from which accounting angle we have to use.
- 4 Answers
- 5710 Views
- I also Faced
- E-Mail Answers
Answer Posted / swetha
By accounting standard principles and concepts always
purchases should be debit
sales should be credit
for ex:if u purchase of goods on credit for rs 10/- from x
person then entry
purchases a/c - dr
To x a/c
if cash purchases means
purchases a/c -dr
To cash a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
What is dd and a in oil and gas accounting?
how to pass interest on security entries and salary payable entries in tally and how to maintain e-commerce company account please revert me ASAP its needful for me
What is an accounting loss?
Where do generally accruals appear on the balance sheet?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
is WCT aplicable on educational institutions also??????
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
what is tax deducted at source
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
What is the entry for provision?
What do you mean by ledger posting?
What is double-entry accounting? Explain with an example?
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
How you can adjust entries into account?
What does an accurate trial balance suggest?
