Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
Answers were Sorted based on User's Feedback
Answer / umesh
SUNDRY CREDITORS A/C ........Dr 5000
Cash A/c.....................Dr 4500
Discount A/c.................Dr 500
To Sales A/c 10000
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / iyyanar
cash a/c dr. Rs. 4500
discount allowed a/c Rs. 500
Creditors a/c Rs. 5000
To Sales A/c Rs.10000
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / shyam
cash a/c 4500
discount 500
sundry creditors a/c 5000
to sales ac 10000
| Is This Answer Correct ? | 4 Yes | 13 No |
Answer / sanjaykumar
cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500
| Is This Answer Correct ? | 2 Yes | 25 No |
cash a/c 4500
discount a/c 500
goods a/c 5000
to sale a/c 9500
| Is This Answer Correct ? | 9 Yes | 34 No |
Answer / dharshini
cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500
| Is This Answer Correct ? | 13 Yes | 45 No |
Ramu started business with rs 1000000.give me journal entry. plz explain brefily
If Cost of goods sold is Rs.80,700, Opening stock Rs.5,800 and Closing stock Rs.6,000. Then the amount of purchase will be (a) Rs.80,500 (b) Rs.74,900 (c) Rs.74,700 (d) Rs.80,900.
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