Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the entry for Discount Received? & What is the
entry for discount paid?

Answer Posted / deepika

Discount received
Party Account Dr.
To Bank A/c
To Discount Received A/c

Discount Paid
Bank Account Dr.
Discount Account Dr.
To sales

Is This Answer Correct ?    79 Yes 36 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.

2245


Under what type of account do the unearned revenues fall?

1000


Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

1884


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1571


when dissoluction of firm why investment flchuationfund subtrect from book value

2037


As you know executive accounting?

992


Tell me what a deferred asset is and give an example?

1110


When we paid TDS on commission how will journal entry come

1419


Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?

1097


I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

1839


what accounts payable applications are your familiar with?

1126


In accounting, are assets a permanent account?

1234


we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

3417


what is the nature of profit and loss approprition account.which entity prepare this.

1897


By saying, perpetual or periodic inventory system; what do we mean?

1164