purchase of Rs 1000 were rejected and returned,however vendor
returned Rs 800 and balance Rs 200 is charged to sundry exp
A/c
Answers were Sorted based on User's Feedback
Answer / ashraf ali
Dr. Purchase Return A/c 800/-
Dr. Sundry Expenses A/c 200/-
Cr. Purchase A/c 1,000/-
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / mahendra
Purchase return a/c Dr. 800
Sundry Exp. Dr. 200
TO Purchase 1000
Is This Answer Correct ? | 1 Yes | 1 No |
How to do accounting entries in Accounts Payable
i need to know the questions which are asked in the operational round in dell for finance and accounting process,.,
how to prepare final accounts of proprietor
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
what is the method deposit of wct in Delhi
what is the formula for profitable index
if current liabity items shown in asset side of balance sheet then whats position of that company
IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS IS TREATED?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
What Is The Entry Of fixed Assets & Which Ledger? How Many Entries Are Posted For 1 Transaction? If We Paurchase Asset From XYZ Ltd. & Make Payment.
how to prepare bank reconcilliation and send with formate
What is creative accounting?