Purchase a goods from venkat for cash,it should be credited to
Whom
Answer Posted / srikanth.g
if it is credit purchase then entry will be
purchase a/c Dr XXXXXX
To Venkat & co a/c XXXXX
if it is cash purchase
then it is a payment voucher
venkat a/c Dr XXXXXX
To cash a/c XXXXX
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
What do you mean by balancing of ledger account?
Tell me what is the abbreviation for the accounting terms debit and credit?
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
journal entry for prepaid insurance and salary outstanding
What is a contra entry
Tell us did you use accounting applications at your previous companies or prefer working manually?
Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90
Who owns the general ledger?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
SHADOW BALANCE SHEET
Tell me an example of a tough decision that you had to make?
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
what is the minimum & maximum amount paid by company per day