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What is the Journal entry for purchase on credit?

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Anonymous

 ∙ 15y ago
Updated: 4/28/2022

entry for credit purchases is

Purchases a/c dr
To crediters a/c

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Wiki User

 ∙ 15y ago

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Continue Learning about Accounting

What is the journal entry for purchase returns?

[Debit] Purchase Return [Credit] Purchases

Journal entry for credit purchase?

[Debit] Purchases[Credit] Accounts payable

What is the journal entry for purchase return goods on credit?

debit accounts payablecredit purchase returns

Journal entry of credit purchase of asset?

Debit assetsCredit accounts payable

What is journal entry of purchase of raw material on cash?

The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX

Related Questions

What is the journal entry for purchase returns?

[Debit] Purchase Return [Credit] Purchases

Journal entry for credit purchase?

[Debit] Purchases[Credit] Accounts payable

What is the journal entry for purchase return goods on credit?

debit accounts payablecredit purchase returns

Journal entry of credit purchase of asset?

Debit assetsCredit accounts payable

What is journal entry for cash purchase?

[Debit] Purchases [Credit] cash / bank

What is journal entry in purchase good in eligible of tax credit?

debit goodscredit cashtax credit has nothing to do with actual purchase of goods.

What is journal entry of purchase of raw material on cash?

The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX

Journal entry for Payment of credit purchase by a Cheque?

BY VENDOR Dr TO BANK Cr

What is the journal entry for gift purchase?

[Debit] Gift purchased [Credit] Cash / bank

What is the journal entry for a purchase purchased on account of 54780?

what is the journal entry for purchase returns

What is the journal entry for purchase?

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

What is the journal entry of purchase a dog?

Debit Expense Credit Bank

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