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...

Accounting entry for credit sales and credit purchases

Answer Posted / raghu.v

when credit sale :-

Customer A/c Dr
Sales A/c Cr

when credit Purchases :-

Purchases A/c Dr
Vendor A/c Cr

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------MRDT

2282


what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

2346


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1619


Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.

2133


Short answer on Allowances

1896


What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?

2273


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

2152


what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?

4538


Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

1928


Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

1951


how we could adj. the entries of prop. & firm in merging time

1863


Who is called consignor

1952


what is dividend? how do the use an accountancy?

1993


what is the meaning of input vat & out put vat?

3976


what is contigent liabilities? whats it status in balance sheet?

2176