Accounting Question Help Please?
I would like to know how I should journalize this entry:
Credit invoice received from Sam's Trailors for a 10% price adjustment on
invoice #515, $1910
Please tell me what to debit/credit....purchase discounts, or purchase returns.
THANKS
Answer / sajjad1
Dear you have to Pass this entry
Sam Trailer A/C 191 (dr)
Dicount on Purchse A/C 191 (Cr)
Dear there is no P/R its for asjustemt entry
If u cr the purchase Return then the closing stock will be
distrub.
Is This Answer Correct ? | 0 Yes | 2 No |
what is RTGS?
11 Answers State Bank Of India SBI,
what is tha p/e ratio?
10 Answers Capital IQ, Edelweiss,
any other advice to prepare b.r.s easly
WHAT IS SECONDARY TRACKING FLEX FIELD QUALIFIER AND HOW IT IS USED?
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
Expand ________ABAP
Answered but misspelled pl correct ONE OF THE MAIN EXTERNAL USERS OF ACCOUNTING INFORMATION (ANS.SREKANB)
What is ideal debt-equity ratio
12 Answers BPO, JP Group, Scope International,
Discount or expenses on issue of shares or debentures is an example of..
The prepaid insurance account has a debit balance of $3600 at the end of the year. If unexpired insurance at the end of the year is $2800, the amount of insurance expense that should be reported on the income statement is?
your purchases 10 Furniture from Other company, your starting own furniture business. each furniture value is Rs.1000/-, your business purpose use 2 furniture. and other furniture are sales purpose ! pls tel me Purchases Entry !
Traditional clasifications of accounts