Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what will be the entry for credit purchases with discount

Answer Posted / prem

vendor a/c credit with discount so entry will be;

To purchase a/c Rs.1000/-
By vendor a/c cr Rs.900/-
less discount Rs.100/-

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you know balancing in accounting?

1058


{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

2287


Cello pen gross value is 935.89 for 12 nos 14.5% tax

1989


Tell me what do you think is bank reconciliation statement?

1163


how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.

1645


In which ways is math used in accounting

1082


what are the main important accounting entries for AP and AR ...

1524


WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

2427


RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

2292


My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.

1441


If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?

2503


In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1962


How to pass VAT retention entry on computer and Furniture

2962


What are the features of financial accounting?

2207


all GL Related Interview questions with answear

2870