Interested to Buy Any Domain ? << Click Here >> for more details...
Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
- 26 Answers
- 32871 Views
- Accenture, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijayaraghavan
DR. CR.
SUNDRY DEBTORS A/C DR 5000
CASH A/C DR 4500
DISCOUNT A/C DR 500
TO SALES A/C 10000
| Is This Answer Correct ? | 114 Yes | 2 No |
Answer / b.uday kumar
Cash a/c Dr 4500
Discount a/c Dr 500
Sundry Debtors a/c Dr 5000
To sales a/c 10000
| Is This Answer Correct ? | 46 Yes | 1 No |
Answer / surendra jain
creditors a/c dr. 5000/-
discount a/c dr. 500/-
cash a/c dr. 4500/-
To, Sales a/c cr. 10,000/-
| Is This Answer Correct ? | 47 Yes | 25 No |
Answer / manjunath
DR. PARTY A/C 5000.00
DR. CASH A/C 4500.00
DR. DIS ALLOWED 500.00
CR. SALES A/C 10000.00
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / fu all
WTF is this people don't u know that basic principle that -
every debit should have equal and correspondent credit....
________________________________________________
Debtors a/c Dr 5000
Cash a/c Dr 4500
Discount a/c Dr 500
To sales a/c 10000
________________________________________________
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / dhananjayan
Cash A/c Dr. 4,500
Discount allowed A/c Dr. 500
Debtor A/c Dr. 5,000
To Sales A/c 10,000
(Being sales with 50% credit allowing 10% discount on
immediate payment)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sonu choudhary
whenever credit sales took place debtor should be debited
instead of goods.also in case of cash sale if discount is
allowed, it should be debited becoz it is an expense for
seller.hence entry will be:
Debtors A/c........ Dr. 5000;(Personal A/c- Dr. receiver)
cash A/c........... Dr. 4500;(Real A/c-Dr. what comes in)
Discount Allowed A/c Dr. 500;(Nominal A/c-Dr. Expenses)
To sales A/c 10000;(Nominal A/c-Cr. Revenue)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / alok patkar
Party a/c dr 5000
disc a/c dr 500
cash a/c dr 4500
to sales a/c 10000
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vikram singh
Dr Party a/c Rs. 5000
Dr Cash a/c Rs. 4500
Dr Discount a/c Rs. 500
Cr Sales a/c Rs. 10000
| Is This Answer Correct ? | 2 Yes | 0 No |
Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??
what differance Between Capital reserv and reserve capital?
4 Answers Dharampal Satyapal Limited, Genpact,
How do I record a prior year property tax refund on sale of asset due to overvaluation
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
Which type of stock show in trail balance. Op. Stock or Cl. Stock & Why?
i want to know that which head post the bill of energy audit payment in tally.
What is compound journal entry?
What is meant by calendar maintenance?
Following information is given to you: Year - Sales - Cost 2009 - 200000 - 205000 2010 - 300000 - 310000 Calculate: 1. P/V Ratio 2. BEP 3. The amount of profit or loss were sales are Rs. 325000 4. The amount of sales required to earn a profit of Rs. 5000 5. Margin of Safety for the year 2010
What is the difference between the accrual accounting and cash accounting?
What is Deferred Asset..?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
Audit 
