info. required about purchase entries

Save Share

This query is : Resolved

Ankit Kaneriya (Querist)

11 June 2016 before I go to job I want to know about different types of purchase entries which is confusing in nature and required a extra knowledge for accounting

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

11 June 2016 Kindly give any specific purchase query ?? we will give you step by step entry how to do and their nature.

Message likes : 1 times

Gokul Sharma

Gokul Sharma (Expert)

11 June 2016 purchase dr to party/cash
if you care taking credit of excise vat etc then dr the excise duty vat
also.

Message likes : 1 times

Ankit Kaneriya

Ankit Kaneriya (Querist)

11 June 2016 actually I don't know about prectically situations arise in accounting at the job u know

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

11 June 2016 Start doing job where you learn many purchase entry practically. when you find any difficulties you can contact here we are here with you. for simple clarification you have to do purchase entry just like gokul sir replied.
For Trading Items purchase entry
Dr. Purchase
Dr. Tax (input)
Dr. Expense (Direct if indicate in invoice)
To Party
For Assets purchase
Assets A/c Dr (Capitalized)
To Party

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now