Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
Answers were Sorted based on User's Feedback
Answer / umesh
SUNDRY CREDITORS A/C ........Dr 5000
Cash A/c.....................Dr 4500
Discount A/c.................Dr 500
To Sales A/c 10000
Is This Answer Correct ? | 0 Yes | 2 No |
Answer / iyyanar
cash a/c dr. Rs. 4500
discount allowed a/c Rs. 500
Creditors a/c Rs. 5000
To Sales A/c Rs.10000
Is This Answer Correct ? | 0 Yes | 3 No |
Answer / shyam
cash a/c 4500
discount 500
sundry creditors a/c 5000
to sales ac 10000
Is This Answer Correct ? | 4 Yes | 13 No |
Answer / sanjaykumar
cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500
Is This Answer Correct ? | 2 Yes | 25 No |
cash a/c 4500
discount a/c 500
goods a/c 5000
to sale a/c 9500
Is This Answer Correct ? | 9 Yes | 34 No |
Answer / dharshini
cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500
Is This Answer Correct ? | 13 Yes | 45 No |
What is the difference between accrual
what is the meaning of 4X and 10X value in intraday market?
Entries to revenues accounts such as service revenues are usually?
Expenditure incurred for the innovation of Guest house building is revenue nature or capital nature ??
I would like to know about advance payments to creditor & advance received from debtors in Tally ERP 9. For example, what are the ledgers should I create & what are the steps ? And please inform me what vouchers should I use for advances, for example ( payments, receipts and journal). Thank you.
can an accountant handle all the accounting transaction without any type of help from any person?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
What is Cash Flow Statement?
In Ledger of Capital A/c what will be the entries for Drawings a/c?
Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method
we received from chq from particular firm.how to make entry in tally9.0? And Particular firm under which group.(Sundry debtor or sundry creditor?
what is mean bt VPP?