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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