Interested to Buy Any Domain ? << Click Here >> for more details...
What is the journal entry purchase return in the books of
Purchase
- 16 Answers
- 65022 Views
- Vipul Chemicals, I also Faced
- E-Mail Answers
Answer Posted / fozia chachar
(1) If the purchases is made on cash basis then the entry will be:
Cash debit
Purchases return credit
(2) But if purchases is made on credit basis then the entry will be:
Accounts payable debit
Purchases returns credit
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what are the type of cash flows?
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
What are direct income and indirect income
What is COVER payment?
difference between contra entry and double entry?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
Could u show me the sample TDS Document / Template
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
What is written off?
Expand BFSI
give the details of overheads which are not included in costing
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
What Are The Characteristics Of Modern Accounting?
What do you think you do well?
