ACCOUNTS BY SONIA SETIA
  • 2 months ago
WHAT ARE "PURCHASES" IN ACCOUNTING? BASIC ACCOUNTING TERMS.
Transcript
00:00Hello guys, this is Sonia Setia, your accounts and eco-tutor.
00:03Number 13, we have purchases.
00:05We were doing basic accounting terms for class 11 students.
00:09Purchases рдХреНрдпрд╛ рд╣реИ?
00:10It means when a firm buy goods or raw material,
00:13рдЪрд╛рд╣рд┐рдП рддреЛ рд╡реЛ resale рдХреЗ рд▓рд┐рдП рд▓рд┐рдпрд╛ as it is,
00:15рдЪрд╛рд╣рд┐рдП рд╣рдо manufacturing рдХрд░рдиреЗ рд╡рд╛рд▓реЗ рд╣реИрдВ,
00:17raw material рдХрд╛ further processing рдХрд░рдХреЗ рдЙрди goods рдХреЛ рдмреЗрдЪрдиреЗ рд╡рд╛рд▓реЗ рд╣реИрдВ, right?
00:21рддреЛ рдпреЗ рдХреНрдпрд╛ рд╣реЛ рд╕рдХрддреА рд╣реИ?
00:23Purchases, cash purchases рднреА рд╣реЛ рд╕рдХрддреА рд╣реИ, credit purchases рднреА рд╣реЛ рд╕рдХрддреА рд╣реИ.
00:26рдЬрдм рдЖрдкрдиреЗ cash рджрд┐рдпрд╛ immediate, рддреЛ рдЖрдк cash purchases рдмреЛрд▓рддреЗ рд╣реВрдБ,
00:29рдЬрдм рдЖрдкрдиреЗ рдЕрднреА рдкреИрд╕рд╛ рдирд╣реАрдВ рджрд┐рдпрд╛ рд╣реИ,
00:32рдмрд╛рдж рдореЗрдВ рджреЗрдиреЗ рд╡рд╛рд▓реЗ рд╣реЛ, that is known as credit purchases.
00:35Journal entries, рддреЛрдиреЛрдВ рдХреЗ рд▓рд┐рдП рдХреНрдпрд╛ рд╣реЛ рдЬрд╛рдПрдВрдЧреА?
00:37Cash рдХреЗ рд▓рд┐рдП, purchases account, debit to cash account.
00:40Purchases are expense, that's why I have debited it,
00:43and cash is my asset, it's decreasing, that's why I have credited it.
00:48And credit purchases рдХреЗ рд▓рд┐рдП рдХреНрдпрд╛ рд╣реЛ рдЬрд╛рдПрдВрдЧреА?
00:56рдХреНрдпрд╛ рд░рд╛рд╣реВрд▓ рдХреНрдпрд╛ рдмрди рдЧрдпрд╛?
00:57рдореЗрд░рд╛ creditor рдмрди рдЧрдпрд╛, рдЗрд╕рд▓рд┐рдП рдореИрдВрдиреЗ credit рдХрд░ рджрд┐рдпрд╛.
00:59Thank you so much.

Recommended

1:02
I
Up next
EXPENDITURE. WHAT IS AN EXPENDITURE? BASIC ACCOUNTING TERMS. ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:01
WHAT ARE PREPAID EXPENSES? BASIC ACCOUNTING TERMS. ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:02
WHAT ARE ASSETS? BASIC ACCOUNTING TERMS. ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:00
WHAT ARE IABILITIES? BASIC ACCOUNTING TERMS. ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:02
WHAT DO YOU MEAN BY RECEIPTS? BASIC ACCOUNTING TERMS. ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:00
WHAT IS PROFIT IN ACCOUNTING. BASIC ACCOUNTING TERMS.
ACCOUNTS BY SONIA SETIA
1:02
WHAT ARE "SALES" IN ACCOUNTS. BASIC ACCOUNTING TERMS.
ACCOUNTS BY SONIA SETIA
1:04
WHAT IS CAPITAL | BASIC ACCOUNTING TERMS | ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:01
WHAT IS A BUSINESS TRANSACTION ? | BASIC ACCOUNTING TERMS | ACCOUNTING.
ACCOUNTS BY SONIA SETIA
0:43
WHAT IS "REVENUE FROM OPERATIONS" IN ACCOUNTS. BASIC ACCOUNTING TERMS.
ACCOUNTS BY SONIA SETIA
1:00
"PURCHASES RETURN" IN ACCOUNTS. BASIC ACCOUNTING TERMS.
ACCOUNTS BY SONIA SETIA
1:02
"SALES RETURN" IN ACCOUNTS. BASIC ACCOUNTING TERMS.
ACCOUNTS BY SONIA SETIA
0:50
TRADE RECEIVABLES OR ACCOUNTS RECEIVABLES IN ACCOUNTING.
ACCOUNTS BY SONIA SETIA
0:40
BRANCHES OF ACCOUNTING.
ACCOUNTS BY SONIA SETIA
3:39
BUSINESS ACCOUNTING
ACCOUNTS BY SONIA SETIA
1:01
WHAT IS GAIN? ACCOUNTS. CLASS 11TH .BASIC ACCOUNTING TERMS. CHAPTER 2.
ACCOUNTS BY SONIA SETIA
0:50
BASIC ACCOUNTING TERMS OF FINANACIAL ACCOUNTING.
ACCOUNTS BY SONIA SETIA
1:06
BASICS OF ACCOUNTING "ACCOUNTING BY SONIA SETIA".
ACCOUNTS BY SONIA SETIA
0:54
ACCOUNTING EQUATION IN ACCOUNTS.
ACCOUNTS BY SONIA SETIA
2:20
OBJECTIVES OF ACCOUNTING .
ACCOUNTS BY SONIA SETIA
2:52
MEANING AND FEATURES OF ACCOUNTING .
ACCOUNTS BY SONIA SETIA
1:02
DRAWINGS CLASS11 ACCOUNTS. WHAT ARE DRAWINGS. BASIC ACCOUNTNG TERMS.
ACCOUNTS BY SONIA SETIA
1:00
WHAT IS LOSS ? BASIC ACCOUNTING TEMS. ACCOUNTS. CLASS 11H CHAPTER 2.
ACCOUNTS BY SONIA SETIA
0:59
TRADE DISCOUNT, CASH DISCOUNT AND REBATE IN ACCOUNTING EXPLAINED.
ACCOUNTS BY SONIA SETIA
0:46
BOOKKEEPING, ACCOUNTING AND ACCOUNTANCY.
ACCOUNTS BY SONIA SETIA