Purchase a goods from venkat for cash,it should be credited to
Whom
Answer Posted / praveen kumar
cash a/c. The entry is
Purchase a/c dr
To Cash a/c
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is royalty reserve?
Assigning natural account to accounting seg. What will happen
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
Tell me an example of a tough decision that you had to make?
what stock transfer applicable in sister concern unit.
What is the purpose of financial statements?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
what is the due date of 28th feb
What is meant by balancing?
Capital secure should be shown in which side of the balance sheet?
Tell me what is project implementation?
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?
What is the definition of manual accounting?
what is share application money pending allotment?