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
- 2908 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 |
Expand-------BACD
What do you understand by the Term Capital Gains Used in the Income Tax Act ? What are the rules regarding exemption of Capital Gains ?
Answered but misspelled pl correct EARNED BUT NOT RECEIVED (ANS.DEURCCA)
WHAT ARE LIMITATIONS OF ACCOUNTS ?
what is capital budgeting and techniques of capital budgeting.
9 Answers Infosys, Suzuki, Wipro,
why do you think you are sutable candidate for this post
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
PL TELL ME PHONE OR MOBAIL IS OUR ASSETS IF YES CAN I TAKE AS ASSETS IN MY BALANCESHEET & PL TELL ME DEPRECIATION JOURNAL ENTRY
what is mean by ledger
What is the Branch Accountant Responsbilities ?
What is double entry book keeping?
Distinguish between sale and consignment
Audit 
