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any example should cover all three types of accounts in one
entry
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cash paid to Ravi on discount?
Dr cr
(pesonal a/c) Ravi a/c......Dr xxxx
(real a/c) To cash a/c xxxx
(Nominal a/c) To discount a/c xxx
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / kunal turi
cash paid to PARTY on discount?
Dr cr
(pesonal a/c) PARTY a/c......Dr xxxx
(real a/c) To cash a/c xxxx
(Nominal a/c) To discount a/c xxx
| Is This Answer Correct ? | 2 Yes | 0 No |
What is journal entry to create the Provision for Bad & Doubtful debts?
Who is debtor purchaser
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
purchases goosd in cash rupees 6500
A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?
Cash bill of sale so the company can deduct the amount.
the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively
what is difference between company and firm
difference between banker's cheque and cheque
What is the entry for closing stock value reduction?
0 Answers ICICI, ICS Integrated Computer Solutions,
Explain me where a cash discount should be recorded in journal entry?
Audit 
