It is good practice to always include the vendor name in the journal entries. Journal entries are the books of "origin". When transaction occur the transaction is then recorded in the journal, at a later date or time, the entries are then added to the Ledger where each account for the company has a separate account.
Adding the vendor name to the journal entry can assure that the proper account is debited or credited when the entry is recorded in the ledger.
Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
debit accounts payable 250credit notes payable 250
[Debit] Goods purchased [Credit] Accounts payable
debit accounts payablecredit notes payable
yes
Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
debit accounts payable 250credit notes payable 250
Debit accounts payableCredit notes payable
[Debit] Goods purchased [Credit] Accounts payable
debit purchasescredit accounts payable
debit accounts payablecredit notes payable
yes
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
Accounts Payable Cash/Bank/Goods etc
debit accounts payableCredit cash / bank
debit purchasescredit accounts payable*For purchases (supplies, office materials, etc.) on accountPurchases xxAccounts Payable xx*During payment of purchases on accountAccounts Payable xxPurchases xxNOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^
[Debit] Purchases account [Credit] Accounts Payable