what will be the entry for credit purchases with discount
Answer Posted / pankaj kr. jangir
PURCHASE A/C DR.
TO SUPPLIER A/C CR.
TO DISCOUNT A/C CR.
Is This Answer Correct ? | 10 Yes | 1 No |
Post New Answer View All Answers
Define a company's payable cycle?
What is ppe in accounting?
what is dmat charges?
Tell me what is gaap?
Tell me do you think there is any difference between inactive and dormant accounts?
Tell me which accounting application you prefer most and why?
Tell us what is your proudest accomplishment?
What is difference between Cash Flow and fund flow
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
when receieve cheque from a party and we deposite cheque in bank how do this entry
What methods do you use to discover sales opportunities?
Why an Expenditure is called Differed?
What is debit and credit note?
how to create salary and pf statement in excel sheet?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-