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what will be the entry for credit purchases with discount

Answers were Sorted based on User's Feedback



what will be the entry for credit purchases with discount ..

Answer / sidharth das

purchase a/c dr
to party a/c
to discount received a/c

Is This Answer Correct ?    2 Yes 0 No

what will be the entry for credit purchases with discount ..

Answer / kannan

PURCHASE A/C DR
TO DISCOUNT RECEIVED A/C CR
TO SUPPLIER A/C CR

Is This Answer Correct ?    1 Yes 0 No

what will be the entry for credit purchases with discount ..

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

what will be the entry for credit purchases with discount ..

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

what will be the entry for credit purchases with discount ..

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

what will be the entry for credit purchases with discount ..

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

what will be the entry for credit purchases with discount ..

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

what will be the entry for credit purchases with discount ..

Answer / raghvendra.singh521

credeit pur a/c dr
discount a/c dr

to party name

Is This Answer Correct ?    7 Yes 42 No

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