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
- 22236 Views
- I also Faced
- E-Mail Answers
Answer Posted / ipa
On Purchase:
Purchases a/c. Dr. 25,000.00
to, Shyam & Co. 25,000.00
On Payment:
Shyam & Co. Dr. 20,000.00
to, Cash / Bank a/c. 20,000.00
On refusal for payment:
No entry, as the matter is under dispute.
| Is This Answer Correct ? | 4 Yes | 5 No |
Post New Answer View All Answers
what is tribal area allowance means
What is the difference in accounting and marketing?
what is core accounting?
What is meant by balancing?
What is the marginal cost formula?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
Why do you want to be an accountant?
What is control in accounting?
How do you build a successful business relationship?
List the type of transactions entered in journal proper.
How the MIS format made up in XL.
Which steps in Procurement to Pay process does FI documents get created.
In accounting, how do you define the premises?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
how many view the tally backup erp9 after the tally backup in tally
