Question:

What entry should i enter for credit purchase?

by  |  earlier

0 LIKES UnLike

What entry should i enter for credit purchase?

 Tags:

   Report

2 ANSWERS


  1. purchase A/c            Dr.

             Accounts Payable A/c             Cr.

    (you can use the name of the creditor in the credit insted of accounts payable.)


  2. Debit:  Purchases (name the type of purch)

    Credit:  Accounts Payable

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.