Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
- 20 Answers
- 56734 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / hitesh jain
trade discount is given on the bulk purchase of the goods .
the entry for trade dist. is never passed in the books of
a/c.cash dist. is given for prompt payment of cash
the entry in the books of the purchaser :
Purchase A/C Dr. 9500
Discount A/C 475
Cash/Bank A/c 9025
| Is This Answer Correct ? | 21 Yes | 12 No |
Post New Answer View All Answers
What are the reasons for getting audited?
What is the role of internal audit?
Explain the difference between internal audit and statutory audit?
What Is Social Audit?
what is the difference you can make by doing your course in the country of your choice
What is an audit process?
which type audit for your company account
what is the reason for controls in an IS environment?
THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
Which books are helpful for practising accounting's most tricky sums?
What is statutory audit?
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
What is non statutory audit?
