Please tell me entry for following bill.
Goods 500
Disc- 10% 50
----------------
Bill Amt 450

Answer Posted / ahsan

Goods A/c 500
Cash A/c 450
Discount a/c 50

Is This Answer Correct ?    20 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?

1464


How calculate holding company account?

1634


Why are accounting standards necessary?

660


What are the accounting events that are frequently involved in compound entries?

676


how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

1886






what is addition of Opening Balance and net profit transfered from profit and loss account called

1526


When we received payment from creditors

1188


Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm

2101


Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

2365


Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

2103


Into which account do we close the revaluation account balance during the winding up of a company?

1495


If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

4137


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1206


Please guide in details about Payroll in Tally.erp9??

1798


Where I can Found Cost Reduction Techniques Implemented by Various cement Companies

1660