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
- 20307 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / gangadhar
Purchase A/c Dr. 200000
Supplier A/c Dr. 20000
to cash A/c 100000
to bank A/c 100000
to discount received A/c 20000
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?
what type account are below Debentures Bank overdraft
What is the double entry system explain its rules with examples?
what is consumer product accoutning?
Tell us what is a cpa?
how to caluclate tds from emloyees and others
Why do users of accounting information need accounting information?
Tell us what is your proudest accomplishment?
What do you mean by material facts in accounting?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
In accounting, are assets a permanent account?
What was your most complicated sales cycle in past positions?
Where do generally accruals appear on the balance sheet?
