what will be the entry for credit purchases with discount

Answer Posted / pradeep

purchase a/c dr 50000
To suppliar a/c 45000
To discount a/c 5000

Is This Answer Correct ?    18 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Knowing what you know now, walk me through what you would do differently to drive even more success?

614


Tell me what is trial balance in accounting?

641


What is mean by working capital?

644


1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1541


What do we mean by Redemption of shares and debentures?

1900






The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.

1225


SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

1608


What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

2941


WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?

1618


when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier

1425


What is the purpose of financial statements?

625


What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

1766


What we have to post entry for payroll processing ? (Indian payroll)

2136


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1408


what is differnce between balance sheet of a bank & a company

1617