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    inpasx's Avatar
    inpasx Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 7, 2008, 11:46 AM
    Accounting Entries for purchase & sales return and credit purchase & sales with examp
    Accounting Entries for purchase & sales return and credit purchase & sales with examples
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Apr 8, 2008, 03:45 AM
    What exactly is your question, please?
    sngconsultancy's Avatar
    sngconsultancy Posts: 3, Reputation: 1
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    #3

    Feb 10, 2010, 12:13 AM
    Sir, I want to know that how can I enter a credit Purchase and Sale in Tally 7.2
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Feb 11, 2010, 02:45 AM

    Please start your own thread for your question instead of tagging onto someone else's (old) one.
    jehslyne's Avatar
    jehslyne Posts: 1, Reputation: 1
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    #5

    Oct 29, 2010, 04:51 AM
    Mr. M bought light bulb at ACE Hardware for cash... so the entry of Ace Hardware for the day would be:

    dr. Cash xx
    Cr. Sales xx

    A day after, Mr. M found out that the bulb is not working properly so he went to ACE and return the item and he received his money back... so the entry of Ace would be:

    dr. Sales Return and Allowances/ Sales xx
    Cr. Cash xx
    JojoMa's Avatar
    JojoMa Posts: 2, Reputation: 1
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    #6

    Mar 10, 2012, 03:42 PM
    Journal entry for purchase of goods amounting to 10,000.00 vat inclusive
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #7

    Mar 12, 2012, 06:33 AM
    Debit Merchandise Inventory or other appropriate account for the amount
    Credit Cash for the amount
    shweta gawankar's Avatar
    shweta gawankar Posts: 5, Reputation: 1
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    #8

    Aug 2, 2012, 06:17 AM
    What would be the entries for credit & cash purchase?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #9

    Aug 2, 2012, 06:20 AM
    For Credit purchases:
    Debit Purchases account or Merchandise inventory
    Credit Accounts Payable

    For Cash purchases:
    Debit Purchases account or Merhcandise inventory
    Credit Cash
    shweta gawankar's Avatar
    shweta gawankar Posts: 5, Reputation: 1
    New Member
     
    #10

    Aug 2, 2012, 06:24 AM
    What would be the entry when we pay off the credit?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #11

    Aug 2, 2012, 06:52 AM
    This is an old thread

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