We purchase goods worth rs. 25000 from shyam co. in credit.
We paid him 20000 and rest we refuse to pay. What is the
journal entry for it. This is not discount received.
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Answer Posted / mdhiru420
for purchase:
purchase a/c dr. 25000/-
to shyam co. a/c 25000/-
for payment:
shyam co. a/c 20000/-
to cash/bank a/c 20000/-
and about 5000/- ???????????
| Is This Answer Correct ? | 8 Yes | 10 No |
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