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...

goods sold to mr x of rs5000/-,out of that we give him
discount allowed of rs 500/-,and we take setting charges of
rs1000/-.so what will be the entry?

Answer Posted / deepak thukral

Party a/c Dr (5000+1000) 6000
Discount a/c Dr 500

to sales a/c 5500
to setting charges 1000

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Discuss the consistency concept in accounting

1098


under which ledger should i make opening work in progess and closing work in progress

2064


we can transfer stock between two firms with same name but prop. is different.

2077


List out things that fall under intangible asset?

1044


sale cycle

1950


why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

1564


a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do

1308


how pass journal entry in the month ending for input vat and out put vat

2256


What is peach tree accounting?

1100


why creditors a/c dr. to discount received a/c ?

1466


Do you possess any knowledge about accounting standards?

1090


Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.

3301


In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1890


What are mis reports and do you prepare it?

1092


give 3 reasons why capital is referred to as a special liability

1801