Interested to Buy Any Domain ? << Click Here >> for more details...
What is the entry for Discount Received? & What is the
entry for discount paid?
- 13 Answers
- 66966 Views
- Azizi Bank, i4 Mobiles, WNS, I also Faced
- E-Mail Answers
Answer Posted / radhu
discount received is a gain of a party so it will be
credit and discount paid is a loss so it will be debited.
entry:-
discount received:-
cash a/c dr.***
to party's a/c ***
to discount received a/c ***
(being discount received)
discount paid:-
pary's a/c dr. ***
discount allowed a/c dr. ***
To party's a/c ***
(being discount allowed)
| Is This Answer Correct ? | 6 Yes | 7 No |
Post New Answer View All Answers
how to upload ledgers in excel or word document
What was your most complicated sales cycle in past positions?
What is mean by Asset area?
What information do you require before you approve an invoice for payment?
Tell me about an invoice discrepancy you discovered and how you resolved it
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
get fixed assets items
What are the differences between contrast bookkeeping and accounting
What is account payee cheque? Expand ctc cheque?
how to prepare for accontant examinations
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
Do you know retail banking?
What are the purposes of maintaining control ledgers?
