Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry for purchase bill discount
- 15 Answers
- 38413 Views
- I also Faced
- E-Mail Answers
Answer Posted / aashish salecha
01. On discounting of purchase bill
Party a/c Dr
To Bill Disvounting a/c
02. Payment of bill on expiry of discounting period
Bill Discounting a/c Dr
To Bank a/c
| Is This Answer Correct ? | 29 Yes | 10 No |
Post New Answer View All Answers
Weather Entry tax on consumable goods purchased against CST
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
How the sub ledgers(AP, AR) integrate with GL liability and receivable
Clasify capital
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
Short answer on____________Assessment Year
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
diffrence between the profit center and business area
What are motive behind mergers And acquisitions?
what is budgetory control and what are the types
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
