Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?
Answer Posted / a. m
cash a/c Dr 130000
goods in transit a/c Dr. 20000
To sales a/c Cr 150000
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
what is your opinion regarding T.V shows on youth
Do you know what qualities and skills make an account manager successful?
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
What are the different types of gst?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
Do you know compound journal entry?
What is fair value accounting definition?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
Mention what are things will not be included in a bank reconciliation statement?
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
when & how interest on unsecured loan is calculated?
what is the journal entry for gas connection taken by company for preparing tea and coffee.