what is the journal entry for purchase bill discount
Answer Posted / ashamanju
DISCOUNT ON PURCHASE IS INCOME SO INCOMES ARE ALWAYS
CRIDIT
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
What are the things are not Included in Annual Reports?
how to do finalisation account ,pls tell me step by step ?
what is Journal Entries?
what is the use of special general ledger if the normal trasaction in usage.
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
plz send me the accounting questions and answers of bank of america.
What problems might be encountered if there were no accounting standards?
Expand-------------BRTS
What is wealth maximisation
Expand---------TDCB
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
EXPAND_________SEAMEC