purchase a/c Dr
To Customer Name
(Being Credit Purchase to C ' Name Rs)
[Debit] Purchase Return [Credit] Purchases
[Debit] Purchases account [Credit] Accounts Payable
entry for credit purchases isPurchases a/c drTo crediters a/c
[Debit] Purchases [credit] Cash (partial) [credit] accounts payable (balance)
[Debit] Purchases[Credit] Accounts payable
[Debit] Purchase Return [Credit] Purchases
[Debit] Purchases [Credit] cash / bank
[Debit] Purchases account [Credit] Accounts Payable
entry for credit purchases isPurchases a/c drTo crediters a/c
[Debit] Purchases [credit] Cash (partial) [credit] accounts payable (balance)
[Debit] Purchases xxxx [Credit] Cash / bank / goods xxxx
[Debit] Purchases[Credit] Accounts payable
Purchases xxxxx To Accounts Payable(cst) xxxxx
[Debit] Purchases xxxx [Credit] Cash / bank xxxx
Purchase Credit Journal Entry is the journal entry passed by the company in the purchase journal of the date when the company purchases any inventory from the third party on the terms of credit. The purchases account will be debited. The creditor’s account or account payable account will be credited to the company’s books of accounts. visit our page : ieqsgroup .com/about-us
[Debit] Purchases xxxx [Credit] Cash/Bank/Accounts payable xxxx
[Debit] Drawings account xxxx [Credit] Purchases account xxxx