Purchase entry
This query is : Resolved
31 May 2015
dear experts,
I often confused with purchase entry
1. in case of cash purchase:-
(A) To Haaji traders (supplier)
by purchase a/c dr.
(being goods purchase)
(B) To cash a/c
Haaji traders
(being payment made to supplier)
or
(A) To Cash a/c
by purchase a/c
(being goods purchase in cash)
which one is correct out of two
I often confused with purchase entry
1. in case of cash purchase:-
(A) To Haaji traders (supplier)
by purchase a/c dr.
(being goods purchase)
(B) To cash a/c
Haaji traders
(being payment made to supplier)
or
(A) To Cash a/c
by purchase a/c
(being goods purchase in cash)
which one is correct out of two
31 May 2015
Cash purchases:
Purchase a/c Dr.
To Cash/Bank a/c
Party's account will not appear in cash purchase /sale transactions.
Purchase a/c Dr.
To Cash/Bank a/c
Party's account will not appear in cash purchase /sale transactions.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
