On goods purchases of Rs.2,00,000 got trade discount of
20,000 from supplier, and the amounts paid to supplier is
1,00,000 in cash and RS.1,00,000 in check on the same day,
what would be the general ledger entry ?
- 18 Answers
- 21225 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / ramesh.ch
1.trade discount which is allowed to customers to increase
the sales
2.trade discount will not effect the expected profit
3. trade discount should not will effect the books of
account
purchase A/c........Dr 1,80,000
To cashA/c 80,000
To bankA/c 1,00,000
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
can any one send me tally professional version link
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
What is account payee cheque? Expand ctc cheque?
Tell me do you have any professional experience of this field?
what is your opinion regarding T.V shows on youth
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
Please provide me the entire format of P.F. & ESI
As you know account executives need to be talented salespeople. Do you have experience making sales?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
describe any accounting process that you have developed or revised
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
Have you ever made mis reports and what are they?
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
