Interested to Buy Any Domain ? << Click Here >> for more details...
Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
- 26 Answers
- 34341 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / sanjaykumar
cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500
| Is This Answer Correct ? | 2 Yes | 25 No |
Post New Answer View All Answers
What is the equation for acid-test ratio in accounting?
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
Mention the types of ledgers?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
Explain what is double-entry accounting? Explain with an example?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
bank jobs
what is account reconcillation
What does the abbreviation dr mean in accounting?
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
Mention what is bank reconciliation?
export sales contract and domestic sales contract? india's trade in commercial services?
Horizontal balance sheet versus Vertical balance sheet
