Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 9 Answers
- 10710 Views
- I also Faced
- E-Mail Answers
Answer Posted / mou jana
Purchase a/c......Dr....100
To Creditor a/c.................100
Debtor a/c.....Dr.......80
Comm a/c.......Dr.......04
P&L a/c........Dr.......16
To Sales a/c....................100
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
which type of questions did HR Manager ask and what are the answers
What are the 4 types of ppe?
What is band and why the company needs this?
How to prepare in yearly turnover?
What is the revenue recognition principle?
How can I put Bank Guarantee Receipt entry in Tally ERP9?
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
What action could be taken by you and your manager to improve your performance in your current position?
What are the steps involved in project implementation?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
What are the advantages & disadvantages of double entry system?
Tell me what do you believe makes a successful account executive?
Tell us do you have any idea about service tax or excise?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
