what will be the entry for credit purchases with discount
Answers were Sorted based on User's Feedback
Answer / sidharth das
purchase a/c dr
to party a/c
to discount received a/c
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / b.thirupathi
Purchases a/c............................dr
To Suplier a/c
TO Discount a/c
(being purchased on credit by getting discount)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / subhasish dutta
Purchase A/c...................Dr. 2000
To Party A/c..........................1800
To Discount Received A/c.............. 200
(10% Discount Received)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sohaiol
purchase a/c dr
to creditors a/c dr
to discount received a/c dr
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prem
vendor a/c credit with discount so entry will be;
To purchase a/c Rs.1000/-
By vendor a/c cr Rs.900/-
less discount Rs.100/-
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / mahalakshmi
purchase a/c Dr XXXX
To sundry creditor XXXX
Discount Received XXXX
(being credit purchses made & discount received)
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / raghvendra.singh521
credeit pur a/c dr
discount a/c dr
to party name
Is This Answer Correct ? | 7 Yes | 42 No |
What is FDI?
What is negative goodwill?
where should the closing stock amt will effect in p & l & in b/s
Inflation
What is Deferred Income Tax and how to calculate and enter in the tally.
1 Answers Crossdomain, FactSet Systems,
under which ledger should i make opening work in progess and closing work in progress
what will be the treatment of tds deducted by clients if the it is private company
How to File CST & VAT?
what is the difference between equity shareholder and prefrence shareholder?
why bank accounts are not coming in profit and loss account ?
What is the main difference between Net Worth and Net Asset Value ?
how to prepare for accontant examinations