Sir, I manage accounts of a Mandi trading firm.
I want to know that when purchasing from farmers, do we have to open individual ledgers of farmers or we can pass entry with one ledger named farmer purchase for all purchases?
also can we pass entry for cash purchase from farmers without opening their names?
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Entry for purchase from farmers
Replies (5)
Quick Summary
1)In credit purchase you have to open individual ledgers of farmers under sundry creditors .
2) For cash purchase not necessary . only pass entry
purchase A/c Dr
To Cash A/c Cr
( Cash purchase)
2) For cash purchase not necessary . only pass entry
purchase A/c Dr
To Cash A/c Cr
( Cash purchase)
Thanks for answer..
one more thing
can I make group of farmer under sundry creditors?
too much farmer names crowds reports?
one more thing
can I make group of farmer under sundry creditors?
too much farmer names crowds reports?
It's better to create ledger of each and every farmer under sundry creditors , only from whom you are purchasing on credit . All will be grouped under Sundry creditors .
Thanks you
Farmer Purchase (Anaj) to Traders Account.
Konsa Voucher Document Purchase bill Kare.
Konsa Voucher Document Purchase bill Kare.
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