Interested to Buy Any Domain ? << Click Here >> for more details...
We purchase goods worth rs. 25000 from shyam co. in credit.
We paid him 20000 and rest we refuse to pay. What is the
journal entry for it. This is not discount received.
- 12 Answers
- 22257 Views
- I also Faced
- E-Mail Answers
Answer Posted / tasdeeq ansari
PURCHASE AC\ DR 25000
TO SHYAM TRADING CO. 25000
SHYAM TRADING CO. A\C DR 20000
TO BANK A\C 20000
IF THE GOODS ARE REJECTED OR RATE DIFF THEN ISSUE DEBIT NOTE
SHYAM TRADING CO A\C DR 5000
TO REJECTION/RATE DIFF A\C 5000
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall
How to pass workscontract sale invoice which includes WCT & VAT.
shares convert into share capital what is the journal entry? how many ledgers need to create?
What is cash flow and fund flow?
under which ledger should i make opening work in progess and closing work in progress
What is the provision? What is the entry for provision?
Wha is difference between expenses and expenditure
How much statistics knowledge is necessary or required in accounting?
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
What is book profit? How it was calculated
what is the head for stock trnasfer
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
if any otion in tallyerp9 version about doing Luxury tax work
what is the difference b/w gain and profit?
