"A credit purchase of department stationery".what will be the jourmal entry??
"A credit purchase of office stationery"
solely this much information is given to make the entry..
Balance transfers to a credit card that...
department stationery a/c - dr (with the amount of purchase)
to
abc stationers a/c - cr (with the amount of purchase)
and finally when you make the wage to abc stationers,
abc stationers a/c - dr
to
cash a/c - cr
If your firm deal in bureau stationery, then :
purchases a/c - dr
to
abc stationers a/c - cr
(or suspense a/c - cr if the party's mark is not known, which is pretty unlikely in trade)
What is the process of have a...
it would be lower than supplies
and just put CR for credit
What is the best process to reform...
Dedit Office Stationery and Credit Party Name
So, how much are trial fees when...
PURCHASES A/C DR
TO STATIONERY A/C
personal loans for bygone credit issues?
Answers: stationary a/c Dr
To creditor's a/c
as stationary is coming contained by and the creditor is the giver.
I hold no more money to settle...
Debit to Stationery A/c.
Credit to the Party/Firm from where on earth you purchased with the bill.
bureau stationery a/c - dr (with the amount of purchase)
suspense a/c -cr (with the amount of purchase)
Suspense a/c is credited because you don't know the name of the shindig.
When you make giving to the party (suppose you come to know later), then the entry would be-
suspense a/c - dr (with the amount of payment)
currency a/c - cr (with the amount of payment)
If you came to know more or less the party, (suppose xyz traders) next you can also transfer the amount to the get-together account & consequently pass the pay-out entry. This is how it will be made -
suspense a/c - dr
xyz traders a/c - cr
And, now miss the payment entry.