4) What is Journal Entry of 1) Credit Sales.
2) Credit sales
with Discount.
3) Credit sales
with VAT.
4) Outstanding
Rent paid.
5) Credit Purchase.
6) Out
standing wages paid.
7) Bank over draft
8) bank charges
9) Dishonor check
Answer Posted / vinay
Customer a/c DR
To sales a/c
customer a/c DR
Discount a/c DR
To sales a/c
Customer a/c DR
To sales
To VAT
Rent a/c DR
To outstanding rent a/c
Purchases a/c DR
To Suppliers a/c
Wages a/c DR
To outstanding wages a/c
Bank a/c DR
To bank OD
Bank charges DR
To Bank
Bank DR
To customer
Is This Answer Correct ? | 15 Yes | 5 No |
Post New Answer View All Answers
what is capital market and money market? what is primary market and secondary market?
Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
What is T+2 rolli g settlement cycle?
Straight line method to using Indian company names
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
How can I find out my credit rating score for free?
what is book profit
which are the basic princeples of accountancy... with examples
What is the relationship between, issued share capital, share premium and paid up capital?
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
please send me last 3 years question & solution
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
MMT and MID payment how post in tally
What is corporate restructuring?