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 ?
Answer Posted / mohd rashid
NO NEED TO ACCOUNTING OF TRADE DISCOUNT. THEREFORE ENTRY WILL BE
PURCHASE A/C DR 200000
TO CASH A/C 100000
TO BANK A/C 100000
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
how to caluclate tds from emloyees and others
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
any one provide me mm & fi configration steps
Tell me what is “deposit in transit”?
what is the difference b/w gain and profit?
what is the enty for contract bill raised?
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
Debit Card Come Under Which group in Tally 9?
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
What is depreciation and how many types are there. Please give details?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
what is apply SI post
What is the difference between personal account real account and nominal account?