Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
Answer Posted / srinivasa v
Debtors A/c Dr. 5000
Cash A/c Dr. 4500
Discount A/c Dr. 500
To Sales A/c 10000
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is basic general accounting.
What is purchasing order?
Why have you applied to our firm?
What knowledge should financial accountant have?
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
Capital secure should be shown in which side of the balance sheet?
Tell me what do you think is bank reconciliation statement?
what is the meaning of 4X and 10X value in intraday market?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
Tell me do you think there is any difference between inactive and dormant accounts?
Write about the media role in daily life
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier