Interested to Buy Any Domain ? << Click Here >> for more details...
I have an invoice here amounting to $1893.60 (purchases), a
credit note of $61.00. I have paid the vendor $1,832.40. How
should I record my entry?
I am aware that the credit note entry is using journal and
the payment is using payment voucher. But I am not sure how
to post the entry.
Please help. Many thanks.
- 4 Answers
- 6416 Views
- I also Faced
- E-Mail Answers
Answer Posted / mahesh
purchase Entry
Purchase a/c Dr 1893.60
To Vendor 1893.60
Credit Note Entry
Vendor a/c Dr 61.00
To Purchase 61.00
PAYMENT ENTRY
Vendor a/c Dr 1832.40
To bank 1832.40
Discount Entry
Vendor a/c Dr 0.20
To Discount 0.20
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Tell me what do you believe makes a successful account executive?
What is your role in planning?
under which ledger should i make opening work in progess and closing work in progress
Tell me what does the investment of personal assets by the owner will do?
Define partitioning in accounting?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
why only 6 months interest is charged on drawings
how to caluclate tds from emloyees and others
What is absorption costing with defination? and what is marginal costin with defination?
What is consignment cycle.?Explain the steps involved in the Consignmet..?
In South Africa , the current rate for value added tax is ?
Explain a time when you have not met your goal?
Which accounting applications are your familiar with?
What are the columns of a journal?
Tell me what a deferred asset is and give an example?
