Interested to Buy Any Domain ? << Click Here >> for more details...
On goods purchases of Rs.2,00,000 got trade discount of
20,000 from supplier, and the amounts paid to supplier is
1,00,000 in cash and RS.1,00,000 in check on the same day,
what would be the general ledger entry ?
- 18 Answers
- 20297 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / ramkumar
Cash a/c Dr 80000
Bank A/c DR 100000
Discount 20000
To Sales 200000
| Is This Answer Correct ? | 9 Yes | 33 No |
Post New Answer View All Answers
What is a ledger? What do you mean by ledger posting?
Discuss the consistency concept in accounting
Why Is The Distinction Between Product Costs And Period Costs Important?
What is short term solvency ratio?
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
why accounting is important in business?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
difition of reserve & surplus
Why company issue shares at discount as its a loss ?
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
DIFFERNCE BETWEEN RESERVE AND FUND?
what are the limitations of accounting conventions
What is the meaning of scrap value in accounting?
