what is the journal entry for purchase bill discount
Answer Posted / aashish salecha
01. On discounting of purchase bill
Party a/c Dr
To Bill Disvounting a/c
02. Payment of bill on expiry of discounting period
Bill Discounting a/c Dr
To Bank a/c
Is This Answer Correct ? | 29 Yes | 10 No |
Post New Answer View All Answers
• What is depreciation and the method?
what are responsibilities of an accountant in a company?
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
what are the importance accounting entries for AP and AR process in interview..
What is the working formula for Inventory turnover
i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
why do you think you are sutable candidate for this post
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
What Are The Characteristics Of Modern Accounting?
Nature of training account with reason
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
what is payment method?How many payment method we can assign to company code.
Expand--------AA