cash purchase can be ascertained from
Answers
Answer:
total creditors account
Explanation:
Creditor's account is prepared to record the transaction of payment made to the supplier against the credit purchases and discount allowed by them. Credit purchases are recorded by debiting the purchases account and crediting the creditors account
Answer:
⇒Cash purchase can be ascertained from total creditors account.
Explanation:
What is cash purchase:-
When goods are purchased with immediate cash payment are called cash purchase.
The entry which made in the books of accounts, to record purchase of goods by paying for it at the time when the goods are acquired is called entry of cash purchase.
What is total creditor's account:-
Total Creditors Account or TCA can be defined as the total amount of money that has been borrowed from credit card companies, banks, etc. over a period of time.
- A creditor's account shouldn't have debit balance at any given time.
- All the liabilities must be represented by the creditor.
Learn more from the given links, below:
All cash purchases are entered in the _____________book. Fill in the blanks:-
https://brainly.in/question/41765255
Goods purchased on cash are recorded in the?
https://brainly.in/question/26206