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what will be the entry for credit purchases with discount
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Answer / vaishali
Purchase Account A/c Dr.
To Vendor
To Discount
| Is This Answer Correct ? | 67 Yes | 2 No |
Answer / pradeep
purchase a/c dr 50000
To suppliar a/c 45000
To discount a/c 5000
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / arif zaki imam
Purchase A/c........Dr.
To Party A/c
To Discount Recieve A/c
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / syed rahman
Purchase account Dr.
To Creditor Account
To Discount Account
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / pankaj kr. jangir
PURCHASE A/C DR.
TO SUPPLIER A/C CR.
TO DISCOUNT A/C CR.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / shiv koul
Purchase A/c------Dr.
To Discount Received A/c
To Sundry Creditors A/c
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / ashish
Purchase A/c------Dr.
To Discount Received A/c
To Sundry Creditors A/c
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / chandu
purchase A/c...........dr
To vendors A/c
To Discount A/c
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / gouthami
purchases a/c -----------dr ****
To suppliers a/c ****
narration:Being credit purchases
2.when amount is being paid
suppliers a/c----------dr ****
To cash a/c ****
To discout received a/c ****
narration: Being the amount paid to suppliers.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / shaheed
purchase a/c Dr
To creditor a/c
To discount received a/c
| Is This Answer Correct ? | 3 Yes | 0 No |
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My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
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