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What is purchase expense?
Purchase expenses are those expenses which are incurred at the time of purchase of anything, like - Auto rikshwa's bill means travelling expense after purchasing of goods.
What is the journal entry for purchase return goods on credit?
debit accounts payablecredit purchase returns
What is the journal entrie for purchase on account?
[Debit] Goods purchased [Credit] Accounts payable
What is the journal entry merchandise purchase with terms?
Debit purchases / goods accountCredit Accounts payable
What are the 2 type of quickbooks account?
The 2 types of QuickBooks accounts are "Balance Sheet" accounts and "Income and Expense" accounts. Balance sheet accounts can be used to create and add to chart of accounts. Income and expense accounts track income sources and the purpose of each expense.
What is purchase expense?
Purchase expenses are those expenses which are incurred at the time of purchase of anything, like - Auto rikshwa's bill means travelling expense after purchasing of goods.
What is the journal entry for purchase return goods on credit?
debit accounts payablecredit purchase returns
What are the rules that govern the preparation of final accounts?
purchase goods from bimal 2000
What is the journal entrie for purchase on account?
[Debit] Goods purchased [Credit] Accounts payable
What is the journal entry merchandise purchase with terms?
Debit purchases / goods accountCredit Accounts payable
IS interest Expense an operating expense?
for trading business interest expense is always non-operating expense because of that "the person who use trading business is only to sell and purchase of goods" so the business activity is only to purchase and sell of goods. in this type of business, to perform these activities may face the expenses like transportation, employee salary and rent expenses and sort of thing. rather than interest expense which is an another expense these expense not use to generate operational goods in this type of business or operational income
What are the 2 type of quickbooks account?
The 2 types of QuickBooks accounts are "Balance Sheet" accounts and "Income and Expense" accounts. Balance sheet accounts can be used to create and add to chart of accounts. Income and expense accounts track income sources and the purpose of each expense.
What is the journal entry for accounts payable and recivable computer accounti?
I think in this question something is missing : The Expense A/c or Service A/c Dr from which regards we have liability to payand Cr. the Account payable A/c.For example : We purchased goods from BM...Accounts Payable Cash/Bank/Goods etc
What account would increase with a decrease in the inventory account?
The following will increase: Expense and Revenue Accounts Cost of Goods Sold - Credited Sales Revenue - Credited Balance Sheet Accounts Assets Accounts Accounts Receivable or Cash depending on payment terms will be debited
How do you pass journal entry for returning purchased goods?
debit accounts payable/ cashcredit purchase returns
What are the accounting journal entries to record an overcharged cost that was posted to an expense purchase to Accounts Payable and was paid at a later date?
general journal
Different names for bad debt expense?
Uncollectible Accounts Expense.
