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 / 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 |
Mutual Funds
what is the difference between expenses(indirect) and indirect expenses?
1.Is deprciation a source of funds? How is it treated in calculatiing fund from operations? 2. What is standard costing? Ple. give its advantages. 3. What do you mean by solvency ratios. List two types of solvency ratios which are used by variuos firms. 4. What is objectives of Job costing? 5. Explain Brifly two capital budgeting technique using discounted cash flow criteria.
If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered? Is It Necessanry To Make 2nd Entry? Plz Discribe All.
what is the purpose of preparing profit and loss appropriation account in the partnership firm?
Pass the journal entry: rent outstanding
what is come first debit or credit? means in the bussiness debit comes first or credit
difference between banker's cheque and cheque
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
difference between rent office rent
What is the basic accounting equation?
what use of form d and form h