Accounting Question Help Please?
I would like to know how I should journalize this entry:
Credit invoice received from Sam's Trailors for a 10% price adjustment on
invoice #515, $1910
Please tell me what to debit/credit....purchase discounts, or purchase returns.
THANKS
- 1 Answers
- 2984 Views
- I also Faced
- E-Mail Answers
Answer / sajjad1
Dear you have to Pass this entry
Sam Trailer A/C 191 (dr)
Dicount on Purchse A/C 191 (Cr)
Dear there is no P/R its for asjustemt entry
If u cr the purchase Return then the closing stock will be
distrub.
| Is This Answer Correct ? | 0 Yes | 2 No |
what is treasury stock
How do you plan to achieve these goals
0 Answers Agilent, GSK, GSK GlaxoSmithKline,
Why do people call Genpact as Gunpat outside? What do you reply when they ask that What does Gunpat manufacture?
what is zero base budget?
how could we reconcile the cash book balance with pass book balance by pass book Dr. balance with pass book method?
What is promoters?
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
WHAT IS Amortisation??
11 Answers Capital IQ, FactSet Systems,
EXPAND______________ROC
EXPAND______________RDO
what do you mean indirect expanse in trading business?
how to calculate LTA with out Bills?
Audit 
