what is the journal entry for purchase bill discount

Answer Posted / neeraja.m

purchase a/c dr
discount received a/c cr

Is This Answer Correct ?    27 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

1497


barwaha

662


What is the Memorandum voucher?

9966


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

1605


what is CDD’s configuration

1778






WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2042


genpact uk based shift timings? and R2R job profile?

1574


What is wealth maximisation

1637


Expand----------CMST

1663


while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

1637


what is Ratio Analysis ?

1819


Give me total Details of payroll calculation, payslip with examples.

2255


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

2079


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

1625


Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not

5513