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Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
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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 |
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please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
What are FCCB and IDR?
what is badts and its entries?
Balance Sheet comes under which account? a)personal a/c, b) real a/c, c) nominal a/c
What is accumulated depriciation
The balance sheet prepared for a
How to get C forms in online? Plz give me Processor Thanq
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
any example should cover all three types of account in one entry
What is the double entry system explain its rules with examples?
What is meant by daily accrual and booking?
Audit 
