what will be the entry for credit purchases with discount
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Answer / sidharth das
purchase a/c dr
to party a/c
to discount received a/c
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / b.thirupathi
Purchases a/c............................dr
To Suplier a/c
TO Discount a/c
(being purchased on credit by getting discount)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / subhasish dutta
Purchase A/c...................Dr. 2000
To Party A/c..........................1800
To Discount Received A/c.............. 200
(10% Discount Received)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sohaiol
purchase a/c dr
to creditors a/c dr
to discount received a/c dr
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prem
vendor a/c credit with discount so entry will be;
To purchase a/c Rs.1000/-
By vendor a/c cr Rs.900/-
less discount Rs.100/-
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / mahalakshmi
purchase a/c Dr XXXX
To sundry creditor XXXX
Discount Received XXXX
(being credit purchses made & discount received)
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / raghvendra.singh521
credeit pur a/c dr
discount a/c dr
to party name
| Is This Answer Correct ? | 7 Yes | 42 No |
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