Interested to Buy Any Domain ? << Click Here >> for more details...
purchases for rs100. vat @ 10% and cash discount rs 5 what
is the entry passed
- 5 Answers
- 8833 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kavitha.m
Purchase A/c dr 100
Vat A/c dr 10
To discount A/c 5
To Cash A/c 105
(Being Cash pid for Puchases Including 10% vat and Discount)
_
| Is This Answer Correct ? | 17 Yes | 0 No |
Answer / mahendar kumar chaurasia
purchase A\c Dr. 100
inpute vat. Dr. 10
cash A\c 105
Discount A\c 05
dr. balance is 110
cr. balance is 110.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / sadashiva
Purchase A/c Rs.100
Input Tax Dr Rs.10
To Cash Discount Recd. Rs.5
To Cash Rs.105
(Being Cash paid towards the purchase of Book)
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / anilyadav
Purchase A/c Dr 100
Input Vat A/c Dr 10
To Discount Recived Cr 5
To Party A/c Cr 95
(being amount for purcase)
Party A/c Dr 95
to cash/Bank cr 95
(being amount for cash paid)
| Is This Answer Correct ? | 6 Yes | 11 No |
Difference between a Fund manager, Investment manager, Portfolio manager, Custodian manager?
1 Answers Mellon, Tech Mahindra,
business sepsarate entity concepts
what is the opposite journal of account receivables?
where does preliminary expenses put in the balance sheet?
What type of questions in accouting point of respect they ask genrally plz help me find out this.
What do you mean by an Accounting Cycle....?????
What is deferred revenue?
waht is the menaing of accounts payble?
How is NAV calculated?
Expand-------NAST
Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
What is journal
Audit 
