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Clarification of Entry.
We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we give entry to accounts ?
Ahem
- Feb 25th, 2018
When you purchase 100 shares : the entry will be : Inventory a/c DR Good Receipt Note CR GRN a/c DR Vendor Cr Vendor - DR Bank - Cr When You sold 200 Share the entry will be:- Cost of Gold...
sreejithsr
- Nov 28th, 2010
Purchase of Share Share a/c dr Bank a/c cr Sold of shares Bank a/c dr Share a/c cr
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what is the Difference between Single Entry system & Double entry system?
sreejithsr
- Nov 28th, 2010
In Single Entry System Cash / Bank transactions mentioned in same column But double entry transactiones mentioned in seperated by Cash & Bank column.
mrforever
- Jan 21st, 2008
Single Entry is an incomplete record of book keeping Whereas Duble Entry is an complete record of book keeping.
