Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
- 20 Answers
- 57190 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / jyoti
Purchase A/c Dr. 9025
Discount Received A/c Dr. 425
To Cash A/c 9500
NOTE:- Trade discount is not shown in books ,Only amount of trade discount is deducted out of total amt.
| Is This Answer Correct ? | 4 Yes | 11 No |
Post New Answer View All Answers
What is external audit?
What is an internal audit and what is the role of internal audit?
can external audit be seen as merely an overhead cost adding no value to the orgnisation
Explain what are the different functions of internal audit?
what is the accounting treatment on Putoption over own shares.?
Explain different functions of internal audit?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
i read in andhra bank recruitmentin that i saw english languages marks are eligible what is that eligible mark
promotions of a new apointed auditor in cgda.
Who will audit an auditing firm?
How can i disable closing stock in trial balnce in tally?
Explain intangible assets?
what is the steel consumption per sq ft for ground plus 12 floors
which type audit for your company account
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
