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
- 21864 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
Revenue Expenditure
Tell me the stages of double entry system?
Do you know the term account payable?
What is the use of 2a, 2b & 2c form in CST ?
how to prepare brs statement for company in tally
How do you prepare a balance sheet from a trial balance?
what is retention? how caculate on asset
what is debit balance report in SAP?. how do you describe DB report in brief.
What is accounting
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
Tell me what a deferred asset is and give an example?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
What is the difference between cost accounting management accounting and financial accounting?
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
