if goods purchased from x company for rs1000 in credit,out of that 10% given d

Categories >> Accounting >> Accounting General
Suggest New Category

if goods purchased from x company for rs1000 in credit,out
of that 10% given discount for us what is the entry in
tally?

Question Posted / satish(sasa)

8 Answers
9995 Views
Genpact, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / satish(sasa)

actually general entry is

purchase a\c-dr,
to,discount receiveda\c,
to,party name a\c.

note-but in tally.erp this entry not coming its simply
adding in purchase a\c.so we have to do please reply me

Is This Answer Correct ?

19 Yes

4 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / nagachandra pattar

1)Purchase A/c Dr 1000
To X Co A/c 1000
(In F9 Purchase Voucher)

2)X Co A/c Dr 100
To Discount Recd A/c 100
(In F7 Journal Voucher)

Is This Answer Correct ?

8 Yes

2 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / ravi

PURCHASE A/C DR
TO X COMPANY A/C
TO DISCOUNT A/C

Is This Answer Correct ?

3 Yes

1 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / mahesh

cash sales cr 1000
x company dr 900
discount allowed dr 100

narration:towards sale of rice bag.

Is This Answer Correct ?

1 Yes

0 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / sreenivas

PURCHASE A/C 1000 DR
TO DISCOUNT A/C 100
TO X CO A/C 900

Is This Answer Correct ?

1 Yes

1 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / taruna

Purchases A/c..... Dr. 1000
To Discount received 100
To X A/c 900
Reason:- Actual purchase is for 1000/-
Discount recd. is our income (cr. all Income & gains)
Now Company have to pay only Rs. 900/-

Is This Answer Correct ?

0 Yes

0 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / pradip

purchase A/C ..... Dr 900
Discount receive A/C .. Dr 100
to X company A/C 1000

Is This Answer Correct ?

4 Yes

8 No

if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what ..

Answer / kanchan

item name
vat input
discount a/c

Is This Answer Correct ?

1 Yes

12 No

Post New Answer

More Accounting General Interview Questions

What is the difference between an Invoice and a Proforma Invoice?

1 Answers

define contra entry?

8 Answers

what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716

1 Answers

what is the difference between profit center area and business are.? please make me clear.

0 Answers

what is private equity?

5 Answers

SHOW CLOSSING STOCK IN TRIAL BALANCE

4 Answers

what is difference between company and firm

1 Answers

What is Capital Market India in your own Words?

2 Answers

I want to know the Payroll Accounting Questions

0 Answers Genpact, Infosys,

Can you tell me entry tax will be applicable on Spectacles purchase from u s a

0 Answers

Maintaining books of accounts (Cash, Petty Cash, Bank,

1 Answers

What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

0 Answers Kiwi Foods,

For more Accounting General Interview Questions Click Here