|
|
|
|
New Member
|
|
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
|
|
|
Uber Member
|
|
Apr 8, 2008, 03:45 AM
|
|
What exactly is your question, please?
|
|
|
New Member
|
|
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
|
|
|
Uber Member
|
|
Feb 11, 2010, 02:45 AM
|
|
Please start your own thread for your question instead of tagging onto someone else's (old) one.
|
|
|
New Member
|
|
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
|
|
|
New Member
|
|
Mar 10, 2012, 03:42 PM
|
|
Journal entry for purchase of goods amounting to 10,000.00 vat inclusive
|
|
|
Ultra Member
|
|
Mar 12, 2012, 06:33 AM
|
|
Debit Merchandise Inventory or other appropriate account for the amount
Credit Cash for the amount
|
|
|
New Member
|
|
Aug 2, 2012, 06:17 AM
|
|
What would be the entries for credit & cash purchase?
|
|
|
Ultra Member
|
|
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
|
|
|
New Member
|
|
Aug 2, 2012, 06:24 AM
|
|
What would be the entry when we pay off the credit?
|
|
|
Ultra Member
|
|
Aug 2, 2012, 06:52 AM
|
|
This is an old thread
|
|
Question Tools |
Search this Question |
|
|
Add your answer here.
Check out some similar questions!
Stock purchase & balance sheet
[ 4 Answers ]
The owners of my corporation purchased 264k shares of stock from a company that they own 15% of - they want this to be shown on the balance sheet account... what journal entries do I need to make to reflect this?
Accounting homework for the purchase and sales of inventory
[ 1 Answers ]
:confused: Can someone please figure this out!! I'm so stumped and tried it but didn't get far!!
The following transactions occurred between BMS Pharmaceuticals and VIP, the pharmacy chain, October of the current year:...
Crown Molding - Purchase & Installation
[ 4 Answers ]
Can crown molding be purchased or do I have to cut it myself? Also, how hard is it to install? Our ceilings are cracking noticeably at the joints - our home is only 2 years old. :mad:
Thank you!
Timing of home purchase and stock sales.
[ 3 Answers ]
Hi All,
I have a situation which I can use some advice. I've been working in PA for 6 months now and want to move my family down from NYC permanently. Also we like to purchase a place instead of renting. Now my question is relating to when should I sell stock options. What would be the best...
View more questions
Search
|