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Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
Wiki User
∙ 14y ago
Wiki User
∙ 9y agodebit purchases
credit cash
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What is journal entry for cash purchase?
[Debit] Purchases [Credit] cash / bank
Mr x purchase goods for Rs 1000 from Mr amol. pass journal entry?
debit purchases 1000credit cash 1000
What is the journal entry when vacation is paid.?
Debit vacation expensesCredit cash / bank
What is the journal entry for a sales return?
[debit] sales returnscredit cash / accounts receivable
What is the journal entry of rent recieved in advance?
cash debit rent in advance credit
What is journal entry for equipment purchase made with cash?
debit equipmentcredit cash
What is journal entry for cash purchase?
[Debit] Purchases [Credit] cash / bank
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
What is the journal entry for purchase of a business?
debit assetsCredit liabilitiesCredit cash
What is the journal entry for cash paid against purchase of equipment?
debit equipmentcredit cash
What are the journal entry on purchase of software?
Debit software purchase accountCredit cash / bank
What is the journal entry for book purchase?
Debit bookCredit cash / bank
What is the Journal entry to purchase of an asset?
debit assetscredit cash / bank
What is the journal entry for a cash purchase of a vechicle?
[Debit] Vehicle Purchased [Credit] Cash / bank
What is the journal entry for purchase of household furniture in cash?
debit household furniturecredit cash / bank
What is journal entry fof purchase of goods?
Debit purchasesCredit cash / bank
What is the journal entry for a cash purchase with discount?
Debit purchasesCredit cash / bankno entry for trade discount and in case of cash discount:Debit purchasesCredit cash / bankcredit discount
