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Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
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Answer Posted / dhananjayan
Cash A/c Dr. 4,500
Discount allowed A/c Dr. 500
Debtor A/c Dr. 5,000
To Sales A/c 10,000
(Being sales with 50% credit allowing 10% discount on
immediate payment)
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Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
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