Answer / sunder singh

IN CASE OF VENDOR:

VENDOR A/C DR.
TO DISCOUNT A/C

IN CASE OF CUSTOMER : IF IT IS ALSO RELATED TO SALES

SALES REVENUE A/C DR.

TO CUSTOMER A/C

Answer / sajjad1

Jv in Case diccount Received from Vendor

Vendor A/C Dr
Discount On Purchase Cr

Jv in Case Dicount to Customer
Dicount Allowed Dr
Customer A/c Cr

Answer / seema

Jv of getting discount from the vendor

Vendor's A/c Dr

To Discount & Schemes A/c.

JV of discount allowed to the customer

Discount & Schemes A/c Dr.

To Customer A/c.

Answer / s k gupta

In the case of discount received from my vendors

Vendors A/c Dr.
To Discount Received A/c Cr.

If I allow to my Customer Than---

Discount Allowed A/c Dr.
To Customer A/c Cr.

Answer / kannan

in case of discount received- happens when purchase involved

purchase a/c Dr
discount received a/c Dr
To vendor A/c

in case of discount allowed- happens when sales involved

vendor A/c Dr
To discount allowed
To Sales

how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..

0 Answers  

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The owner of the consignment stock is________ (a) Consignor (b) Consignee (c) Debtors (d) None

4 Answers  

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What is the basic accounting equation?

0 Answers  

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Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

0 Answers  

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sold some office equipment of rs 1,300 (proceeds beingreceived as rs 700 by cheque and balance in cash) and paid the cheque into his private bank . what will be the journal entry please give answer when you sure about it thanks

3 Answers   Genpact,

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What is 3/3 in Procure to pay (p2p) in Accounts Payable?

0 Answers   Accenture,

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what is the difference between contra entry and double entry?

7 Answers   ACC, Capital IQ,

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a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?

0 Answers  

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Explain fictitious assets?

0 Answers  

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Goods worth Rs.347.60 has been destroyed. Ex:(parachute Hair Oil 8 Ml, So entry will be.. Abnormal Loss A/c Dr....347.60 To Stock Destroyed A/c How it possible????

1 Answers  

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Can you differentiate public and private accounting?

0 Answers  

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why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?

1 Answers   DuPont,

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