On goods purchases of Rs.2,00,000 got trade discount of 20,000 from supplier, and the amounts paid to supplier is 1,00,000 in cash and RS.1,00,000 in check on the same day, what would be the general ledger entry ?

18 Answers   Genpact,

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Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.

0 Answers   R D Traders,

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Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

0 Answers   Siemens,

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does deposit fall under current assets ?

1 Answers   ABC,

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Paid Transportation Which type of expenses these expenses

2 Answers  

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what is DOUBLE TAXATION

2 Answers   MoveiT Infra Services,

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which voucher is created when cash is withdrawn from bank for office use?

2 Answers  

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purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law

0 Answers  

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what is cost center option in tally what purpose it is used?

1 Answers  

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How many accounting standards are currently published?

0 Answers  

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want to know the questions and answers frequently asking in banks at the time of interview for any cadre

0 Answers  

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Can we pay bonus to employees out of Reserves?

3 Answers   UltraTech,

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