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Purchase on account means purchases of items on credit basis and payment is done in future time period.
This should be recorded in the cash payment journal.
go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase
go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase
go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase
Sales discount is not an expense account, but is also a deduction to an income statement. It is just a contra account of a revenue account particularly a sales revenue account.
payment in suspense to customers account as receivable account
No, It shouldn't have "Charged the internet" the only payment you have to go through is when you purchase a premium Minecraft account.
Sellers often request purchase order from buyers in small business.Purchase Orders represent the buyer's intent to purchase specific quantities of product at specified prices. In the event of non-payment, the seller can use the Purchase Order as a legal document in a court of law to demonstrate the buyer's intent and to facilitate collection efforts. Small Companies usually request purchase orders when doing business with other companies for orders of significant size, as the Purchase Order reduces the risks involved.
Received cash from a customer as payment on account
cash sales, credit sales,purchase on account,collection from sales on account,settlement of purchase on account, direct purchase on cash,installment sales and installment payment
"what accounts are affected and how when a payment on account is received from a customer