what is the journal entry for purchase bill discount
- 15 Answers
- 34233 Views
- I also Faced
- E-Mail Answers
Answer Posted / narasimha rao
YOU PURCHASE TV DISCOUNT RATE IS 10% COST IS 10000 WHEN
ENTRIES
PURCHASE A/C DR 10000
TO DISCOUNT ON PURCHAS A/C 1000
CASH A/C 9000
DISCOUNT ON PURCHASE IS INCOME SO INCOMES ARE ALWAYS
CRIDIT
| Is This Answer Correct ? | 99 Yes | 3 No |
Post New Answer View All Answers
why are you selecting for the profitbulity analysis costing based& active based
service tax form no ? What is CC Limit ? What is branch accounts?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
what is meant by transposition error
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
Expand------------STRA
fd redeem interest and principal entry in tally
Why do you want to work for us?
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
Expand--------TOS
Can you explain about the distinction of Book-Keeping and Accounting
What are the benefits ofparticipation in a depository?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
EXPAND______________ICT
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
