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 / alok patkar
Party a/c dr 5000
disc a/c dr 500
cash a/c dr 4500
to sales a/c 10000
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
cheque deposit is a contra entry?
When we received payment from creditors
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
How many types of business transactions are there in accounting?
Do you know what is the importance of team work in this position?
Tell me what is gaap?
What does the word credit mean in terms of accounting?
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
What is debit and credit note?
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.
What is customer account?
Explain which account is responsible for interest payable?
What information is included in a bill for services?