Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 12 Answers
- 22261 Views
- I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
What is the difference of cost accounting and financial accounting?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
Tell me the types of accounts involved in double entry book-keeping?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
why i want to join Hawkins company
what is difference among credit, loan, advance
Is the shadow balance present in bank account always credited or bank may reverse it as well?
Were i have to enter for agreements in tally and in which ledger it will come
What is an interest rate swap
how we can calculate sundry debtors and crditors a/c?show some examples
in terms of accounting the trial balance when is it taken?
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
Hey can any body tell me..What are negative assets?
What are the criteria for accounting job?
