What is the entry for Discount Received? & What is the
entry for discount paid?
- 13 Answers
- 62427 Views
- Azizi Bank, i4 Mobiles, WNS, I also Faced
- E-Mail Answers
Answer Posted / anant
1) Discount Received
Party A/C Dr
To Discount Received A/C
To Bank A/c
2) Discount Allowed
Bank A/c
Discount Allowed A/c
To Party A/c
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Mention what are things will not be included in a bank reconciliation statement?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
Under the accrual basis of accounting, when revenues are reported in the accounting period?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
What all are the documents need to check for a supplier payment?
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
There is no item category assigned to account
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
How to group the companies in tally?
How can do it TDS in accounts?
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
Pls tell me the basic rules of accounts for interview in finanace or accounts section
whats the sales tax slab and company's turnover professional tax slab
Tell me what do you believe makes a successful account executive?
Explain me what makes a successful account manager?
