what will be the entry for credit purchases with discount
Answer Posted / vaishali
Purchase Account A/c Dr.
To Vendor
To Discount
| Is This Answer Correct ? | 67 Yes | 2 No |
Post New Answer View All Answers
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.
Explain me what is assets minus liabilities?
Explain what qualities and skills make an account manager successful?
What are negative postings?What are Credit memos ?Payment Requests ?
Write about the media role in daily life
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
What is fair value accounting?
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
Mention what is bank reconciliation?
Explain have you ever prepared mis reports and what are these?
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me
Assigning natural account to accounting seg. What will happen
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
Tell me where do generally accruals appear on the balance sheet?