if goods purchased from x company for rs1000 in credit,out
of that 10% given discount for us what is the entry in
tally?

Answer Posted / sreenivas

PURCHASE A/C 1000 DR
TO DISCOUNT A/C 100
TO X CO A/C 900

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the various systems of accounting? Explain them.

600


What is an interlocking accounting system?

714


What are time sheets?

645


is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1197


What are the three factors that can affect your cash flow and business profitability?

605






Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1557


Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.

1940


Do you know offset accounting?

629


Are there any questions you would like to ask?

616


Why are accounting standards necessary?

661


What is budget variance analysis?

5881


What are the functions of manger -accounts and manager-finance?

622


what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?

1455


Is buy or sale trade will impact on Nov? Yes/No Please explain.

1465


what is the procedure to appoint an Austrlian citzen as indian company director...

1361