what is the journal entry for purchase bill discount
- 15 Answers
- 34314 Views
- I also Faced
- E-Mail Answers
Answer Posted / navjeet singh
Entry:
Purchase A/c Dr.
To Discount Received A/c
To Cash A/c
*Debit is all expenses & losses implies purchase is debited.
*Credit is all gains & incomes implies discount received is credited.
*Credit what goes out implies cash is credited.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Why you want to leave your present job while they offer you with good offer?
total capital stock
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
How Many Types of Excise Duties?
Expand---------DEP
WHAT ARE EQUITY SECURITIES?
What is meant by consignment
Expand---------OST
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
what is the good prasentation on interview
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
how to do finalisation account ,pls tell me step by step ?
why do we charge the depreciation
