i have purchase goods for Rs.100 and company say you sell
this goods for Rs. 80 and raised a debit note for diffrence
amount and he fix 5 % commision on sales value what is
journal entry passed in tell with narration?
Answer Posted / deva
Purchase a/c......Dr....100
To Creditor a/c.................100
Debtor a/c.....Dr.......80
Comm a/c.......Dr.......04
P&L a/c........Dr.......16
To Sales a/c....................100
Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
What is the meaning of scrap value in accounting?
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
How to calculate Gratuity & when it's applicable to employee after three years or Five years?...
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Are there any questions you would like to ask?
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
Define trade bills?
How is the accounting for hire purchase transactions done?
What Is Responsibility Accounting?
Explain purchase day book.