about principles of account

what is the meaning of overcast, understated, overstated, undercast , overvalued .

how to make double entry of credit purchases ?

Do we have debit purchases?

thank you

Update:

double entry of credit purchases:

Dr.Purchases

Cr.Creditor

But I think we should Dr.Creditor

Cr.Purchases

,because we haven't paid for the goods.

thank you

1 Answer

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  • 1 decade ago
    Favorite Answer

    overcast解加晒所有數出個total時,加多左(總之係個total多左)

    undercast解加晒所有數出個total時,加少左(總之係個total少左)

    overstated則係individual account果度計多左

    understated則係individual account果度計少左

    至於overvalued...我諗應該等於overstated

    double entry of credit purchases:

    Dr.Purchases

    Cr.Creditor

    I think we do not have debit purchases!

    There are 2 types of purchases:Cash purchases&credit purchases

    2009-08-31 23:12:25 補充:

    其實如果creditor增加左,係cr.個creditor架

    creditor係個current liability

    liabilities要 cr.架嘛!

    至於Dr.Purchases...

    dr.purchases係代表stock增加左!

    雖然錢就未比,但係你都係有買到貨丫嘛

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