what will be the entry for credit purchases with discount
Answer Posted / ashish
Purchase A/c------Dr.
To Discount Received A/c
To Sundry Creditors A/c
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
we can transfer stock between two firms with same name but prop. is different.
what is gl a/c? & why is it maintain
What are the columns of a journal?
Accounting for vc money in financials
what is the meaning of 4X and 10X value in intraday market?
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
please explain all accounting concepts n conventions in detail
By saying, perpetual or periodic inventory system; what do we mean?
How to Automate requirment mapping in QC?
what accounts payable applications are your familiar with?
what is the manual procedure for accounting
Do you know what is 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.
In accounting, are assets a permanent account?
What a deferred asset is and give an example?