i have purchase goods for Rs.100 and company say you sell
this goods for Rs. 80 and raised a debit note for diffrence
amount and he fix 5 % commision on sales value what is
journal entry passed in tell with narration?
Answer Posted / ospanwar
purchases a/c dr 100
to Supplier a/c cr 100
(being purchased goods for cash)
cash a/c dr 76.00
Commision on sale Dr. 4.00
to sales cr 80
(being the sales is made in cash )
Supplier a/c dr 20
to purchasea/c cr 20
(being the debit note issued fo supplier)
|Is This Answer Correct ?||2 Yes||0 No|
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
What we have to post entry for payroll processing ? (Indian payroll)
whats the sales tax slab and company's turnover professional tax slab
In South Africa, the value added tax is administered by?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
Tell me what is working capital?
What is an over accrual?
how in the big companies the budget are prepared and controlled?
What Is Differ tax,
What is the difference between the accrual accounting and cash accounting?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
What is consignment cycle.?Explain the steps involved in the Consignmet..?
Explain me the difference between accounting and auditing?
pass journal entry for Prepaid insurance