What is the entry passed when goods are bought on credit?
Creditors A/c Dr To Purchase A/c
None of these
Purchase A/c Dr To Creditors A/c Purchase A/c Dr To Cash A/c
What is meant by Journal proper ?
What is the main function of accounting?
Credit purchases can be obtained by preparing:
Statement of affairs
Purchase of goods on credit from a is recorded as: A. Debit Purchase a/c ; credit cash a/c B. Debit A a/c ; credit purchase a/c C. Debit purchase a/c ; credit As a/c D. Debit A a/c ; Credit stock a/c
____ is the evidence that a transaction took place.
A written explanation below each journal entry is known as:
Informal communication is also called_________.
What do you understand by relationship type? How is it different from relationship instance and relationship set?