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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.
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Answer Posted / adapa.hemaseshasaithi
Dr has three different meanings depending upon the nature of the accounts
Personal account:Dr the receiver
Real account :Dr what comes in
Nominal account :Dr all expenses and losses
Cr also has three different meanings depending upon their nature of accounts
Personal account:Cr the receiver
Real account :Cr what goes out
Nominal account :Cr all incomes and gains
The word to is written in the second line to indicate that the dr is being transferred to the credit side of the respective a/c
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