what is the journal entry for purchase bill discount
Answer Posted / jubilee
cost 10000 disc is 1000 thn:
Purchase 10000
to party/cash/bank 9000
to discount 1000
| Is This Answer Correct ? | 45 Yes | 3 No |
Post New Answer View All Answers
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
Short answer on _______Amendment
what is Accounting Standers?
Short Answer on ___________Appreciation
What is 100% EOu? what is the benifit and what is difficulty of it?
Expand---------MRDT
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
what is ZBA hold & balance hold in banking?
How can we calculate the total income of the company.
ACCOUNTING CONCEPTS AND CONVENTIONS
Short Answer on ________Ad-Valorem Duties
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?