What is the entry for Discount Received? & What is the
entry for discount paid?
Answer Posted / pradeep kumar
WHEN DISCOUNT RECIEVED
BANK/CASH A/C DR.
DISCOUNT A/C DR.
TO PARTY A/C
DISCOUNT PAID
PARTY A/C DR.
TO CASH/BANK
TO DISCOUNT A/C
| Is This Answer Correct ? | 42 Yes | 103 No |
Post New Answer View All Answers
What are its characteristic features of financial accounting?
what is apply SI post
what is the manual procedure for accounting
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
what do you mean by Firm
What is meant by calendar maintenance?
What are the characteristic features of financial accounting?
What is the importance of accounting standards?
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
Explain me what makes a successful account manager?
when receieve cheque from a party and we deposite cheque in bank how do this entry
Tell me why did you select accounting as your profession?
Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50
What do you know about this position?
what is difference between budgeting and Forecasting