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Debit Purchases

Credit Cash

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12y ago

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What is journal entry for cash purchase?

[Debit] Purchases [Credit] cash / bank


What is the journal entry for partial cash and credit payments?

[Debit] Purchases [credit] Cash (partial) [credit] accounts payable (balance)


What is the double entry for goods sold on credit?

dr cash and cr purchases


What is the journal entry for bought goods for cash?

[Debit] Purchases xxxx [Credit] Cash / bank xxxx


What is the journal entry for purchase?

[Debit] Purchases xxxx [Credit] Cash / bank / goods xxxx


What is the entry for a cash purchase including vat12.5 percent?

Cash Purchase - £112.50 Debit Bank - £112.50 Credit Purchases - £100.00 Credit VAT - £12.50


What is the journal entry a company would record when it purchases equipment and pays cash?

[Debit] Equipment account [Credit] Cash / bank


What is the journal entry for purchase on credit and sales on cash?

Debit: Purchases Credit: Accounts Payable Debit: Cash Credit: Sales


What is purchase goods journal entry?

[Debit] Purchases xxxx [Credit] Cash/Bank/Accounts payable xxxx


What is The journal entry to record the purchase of inventory included a debit to?

[Debit] Purchases [Credit] Cash / bank / accounts payable


What is the double entry for recording a credit purchase?

Here is the accounting entry for recording the credit purchase: Purchases a/c Accounts Payable Here is the entry to writte off when payment made Accounts Payable Cash/Bank a/c


What is the journal entry for purchase and made a down payment of cash and issued a note payable?

[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx