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

cash a/c dr 4500
discount a/c dr 500
debtors a/c dr 5000
to sales a/c 10000

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell us in balance sheet, where do you show tds?

612


we can transfer stock between two firms with same name but prop. is different.

1597


what is current rate of excies duty for a manufacturing company?

1618


How to pass an general entry for materials which are stored in warehouses??????

1838


What is an adjusting journal entry?

608






Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1557


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1547


Why in KE5Z report in SAP Accounting Data not found?

3569


What is the double entry system explain its rules with examples?

630


What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

3814


how to finalised the Balance sheet & profit & loss A/C

1839


how to reduce the interesting giving to debts ?

1681


Why some asset accounts have a credit balance?

647


What is balance sheet and off balance sheet?

620


export sales contract and domestic sales contract? india's trade in commercial services?

4191