Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 20441 Views
- Genpact, I also Faced
- E-Mail Answers
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
SHADOW BALANCE SHEET
Explain have you ever prepared mis reports and what are these?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
What is mis report , how to prepare mis report for general ledger?
Anti Takeover policies
What is the use of form D in sale tax
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
Tell me what is an over accrual?
What is the provision? What is the entry for provision?
Explain the concept of responsibility accounting
Under what type of account do the unearned revenues fall?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
What is the revenue recognition principle?
