Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this

Answer Posted / vinodhini

Manujnath is correct.

For every debit there should be a equal and opposite credit.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3405


What is the difference between consigner and consignee?

625


if any otion in tallyerp9 version about doing Luxury tax work

1680


adjustment entry showing in tally such as outstanding salary prepaid salary etc.

2760


paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

1233






Tell us what is your proudest accomplishment?

708


SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

1791


What is an adjusting journal entry?

608


Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

981


Why do you want to be an accountant?

641


in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

4616


My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.

926


EXPLAIN EACH SECTION PROVISIONS ON TDS?

1411


discuss seperate determination concept

1587


what is cost unit n what is cost sheet?

1754