Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the entry for Discount Received? & What is the
entry for discount paid?

Answer Posted / anant

1) Discount Received

Party A/C Dr

To Discount Received A/C
To Bank A/c

2) Discount Allowed

Bank A/c
Discount Allowed A/c

To Party A/c

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is service tax & excise? How will it be charged?

1051


What is BRS Adjustment entry?

4199


Explain what is bad debt expense?

3988


My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher

2130


what is the last date of deposit TDS on liability for the assessment year 2010-11

2028


simply define shares and debentures

1660


What does the word credit mean in terms of accounting?

1139


what is a corporate chart of accounts and its purpose?

1804


My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.

1376


What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

1068


List the type of transactions entered in journal proper.

1107


what is the method deposit of wct in Delhi

2142


we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

2069


What is cost accountancy?

1257


SHADOW BALANCE SHEET

13599