"A credit purchase of office stationery"
only this much information is given to make the entry..
2007-03-20 00:26:13 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
everybody is giving different answer
and
there is no mention of the party's name
that was my problem eitherwise i would have solved it
2007-03-20 00:53:19 · update #1
everybody is giving different answer
and
there is no mention of the party's name
that was my problem eitherwise i would have solved it
2007-03-20 00:55:00 · update #2
stationary a/c Dr
To creditor's a/c
as stationary is coming in and the creditor is the giver.
2007-03-20 01:06:54 · answer #1 · answered by Ria 2 · 1⤊ 0⤋
Journal Entry Of Credit Purchase
2016-12-10 05:24:23 · answer #2 · answered by berggren 4 · 0⤊ 0⤋
Stationery Exp, Debited
and
The Party(Supplier) Name Credited
2015-11-18 04:24:07 · answer #3 · answered by WA 1 · 0⤊ 0⤋
Dedit Office Stationery and Credit Party Name
2007-03-20 00:38:52 · answer #4 · answered by SIDDHARTH D 1 · 0⤊ 1⤋
office 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 party.
When you make payment to the party (suppose you came to know later), then the entry would be-
suspense a/c - dr (with the amount of payment)
cash a/c - cr (with the amount of payment)
If you came to know about the party, (suppose xyz traders) then you can also transfer the amount to the party account & then pass the payment entry. This is how it will be made -
suspense a/c - dr
xyz traders a/c - cr
And, now pass the payment entry.
2007-03-20 01:30:44 · answer #5 · answered by Goutam 3 · 1⤊ 2⤋
Debit to Stationery A/c.
Credit to the Party/Firm from where you purchased with the bill.
2007-03-20 00:43:45 · answer #6 · answered by khuranapvp 3 · 1⤊ 1⤋
office 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 payment to abc stationers,
abc stationers a/c - dr
to
cash a/c - cr
If your firm deals in office stationery, then :
purchases a/c - dr
to
abc stationers a/c - cr
(or suspense a/c - cr if the party's name is not known, which is quite unlikely in trade)
2007-03-20 00:32:55 · answer #7 · answered by Anonymous · 0⤊ 1⤋
PURCHASES A/C DR
TO STATIONERY A/C
2007-03-20 00:37:25 · answer #8 · answered by vankayala_rk 1 · 0⤊ 1⤋
it would be under supplies
and just put CR for credit
2007-03-20 00:32:33 · answer #9 · answered by elite_women_rule_the_rock 6 · 0⤊ 1⤋