What entry is recorded when $75.00 worth of supplies are purchased on account?

tharik_409

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• Jul 25th, 2008

Purchasing good two kinds of entry either Cash or Credit.If Cash Purchase A/c----Dr xx To Cash A/c (Being good purchase on cash)If Credit Purchase A/c----DrTo Supplier A/c (Being goods purchase on Credit)

shoukath

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• Jul 22nd, 2008

Purchasing good two kinds of entry Either Cash or Credit If CashPurchase A/c------Dr    xxTo Cash A/c(Being good purchase on cash)If Credit Purchase A/c----DrTo Supplier A/c(Being goods purchase on Credit)

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shoukath

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• Jul 21st, 2008

Either should be cash Invoice or Credit invoice which is belongs to Business is called Trade bill.

rama krishna

• Jul 16th, 2007

Every transaction must be supported by any document. A trade bill is a supporting document of business activities like purchases , sales, receipts, payments etc...

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Waheed Yakout

• Sep 7th, 2015

"LC" Letter of credit is strong guarantee specially through international transaction, It is so safe for both of seller and buyer, LC contain of 4 arms "Supplier, Supplier bank, Buyer and Buyer bank"

miki

• Sep 6th, 2011

Letter of credit is the way of banks agreement which buyer's are paying to seller.

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