Cash Purchase - £112.50
Debit Bank - £112.50
Credit Purchases - £100.00
Credit VAT - £12.50
go to tally open vocher press f7 and make sale and purchase entry
book of prime entry are the first recorded book. The book of prime have including cash book , sales day book . purchase day book , and so on..
Purchase a/c Dr. To cash
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
debit assetsCredit liabilitiesCredit cash
[Debit] Purchase Return [Credit] Purchases
We are purchasing stock rs 3480.00 they give discount rs 170.00 how do we entry the purchase
what is the journal entry for purchase returns
One could purchase an entry table from many stores and websites. Home Depot and Home Furniture Showroom are a couple of popular choices for purchasing entry tables.
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
Debit software purchase accountCredit cash / bank
Purchase a/c Dr. To cash / creditor a/c.