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
- 20440 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / gouthami
there is no entry for trade discount, only cash discounts
are taken into consideration.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
in Sensex and Nifty, what is the measure to take the points
What is the difference between accumulated depreciation and depreciation expense?
Tell me what steps would you take to increase revenue for this company?
What are the elements of the accounting equation?
WHERE WE CAN USE VAT 5%,14.5%
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
Explain the types of ledger?
What is fitting and fixtures?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
wht is different between defered tax liablities and defered tax assets??????
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
Tell me by saying, perpetual or periodic inventory system; what do we mean?
Explain me fair value accounting?
What is tds and how it is calculated?
Why do users of accounting information need accounting information?
