if goods purchased from x company for rs1000 in credit,out of that 10% given d

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if goods purchased from x company for rs1000 in credit,out
of that 10% given discount for us what is the entry in
tally?

Question Posted / satish(sasa)

8 Answers
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if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / satish(sasa)

actually general entry is

purchase a\c-dr,
to,discount receiveda\c,
to,party name a\c.

note-but in tally.erp this entry not coming its simply
adding in purchase a\c.so we have to do please reply me

Is This Answer Correct ?

19 Yes

4 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / nagachandra pattar

1)Purchase A/c Dr 1000
To X Co A/c 1000
(In F9 Purchase Voucher)

2)X Co A/c Dr 100
To Discount Recd A/c 100
(In F7 Journal Voucher)

Is This Answer Correct ?

8 Yes

2 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / ravi

PURCHASE A/C DR
TO X COMPANY A/C
TO DISCOUNT A/C

Is This Answer Correct ?

3 Yes

1 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / mahesh

cash sales cr 1000
x company dr 900
discount allowed dr 100

narration:towards sale of rice bag.

Is This Answer Correct ?

1 Yes

0 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / sreenivas

PURCHASE A/C 1000 DR
TO DISCOUNT A/C 100
TO X CO A/C 900

Is This Answer Correct ?

1 Yes

1 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / taruna

Purchases A/c..... Dr. 1000
To Discount received 100
To X A/c 900
Reason:- Actual purchase is for 1000/-
Discount recd. is our income (cr. all Income & gains)
Now Company have to pay only Rs. 900/-

Is This Answer Correct ?

0 Yes

0 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / pradip

purchase A/C ..... Dr 900
Discount receive A/C .. Dr 100
to X company A/C 1000

Is This Answer Correct ?

4 Yes

8 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / kanchan

item name
vat input
discount a/c