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Purchase Account is a Real Account,because it fulfills condition of real account as Debit what comes In and in case of purchase goods come in that's why it's debited..
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∙ 11y ago
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Is purchase a debit or credit balance?
A purchase you make is a DEBIT against your account.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
Which of the following are NOT required for purchase account records?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
A purchase account can be used for which of the following purposes?
An account holder would like to make a purchase that exceeds the monthly limit on the purchase account. What is the next step?
Purchase is a real account or nominal account?
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Is purchase a debit or credit balance?
A purchase you make is a DEBIT against your account.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
How do you account for the purchase of a liquor license?
You can account for the purchase of a liquor license by adding the cost of the license to your licensing fees when you file your taxes. You can also account for this purchase as a cost of operation purchase.
Which of the following are NOT required for purchase account records?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
A purchase account can be used for which of the following purposes?
An account holder would like to make a purchase that exceeds the monthly limit on the purchase account. What is the next step?
What is the nature of account receivable?
Account receivable is an asset
Purchase is a real account or nominal account?
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When a purchase on account is made the invoice becomes what?
When a purchase on account is made, the invoice becomes...
At what account does purchase account comes?
expenses a/c
Which account is debit when you purchase merchandise?
account payable
What is the difference between a purchase on account and a sale on account?
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
An account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
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