Interested to Buy Any Domain ? << Click Here >> for more details...
what will be the journal entry-discount rs 2000 allowed to
mr x.and discount received rs 2000 from mr x.actually i am
confused that in the first entry both discount a/c and mr x
a/c will be credited as per the accounting standards.please
help experts.thanks
- 4 Answers
- 5764 Views
- I also Faced
- E-Mail Answers
Answer Posted / vijay
DISCOUNT RECEIVED A/C DR 2000
TO DISCOUNT ALLOWED A/C 2000
(BEING DISC. RECEIVED CANCELLED WITH DISC. ALLOWED)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
Do you know retail banking?
List out some of the accrued expenses and the accounts in which you would record them?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
Hey can any body tell me..What are negative assets?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
Define offset accounting?
What are a debit note and credit note with an example?
Can you differentiate public and private accounting?
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
what is the process of cenvat credit taken in service tax( in direct & indirect service)
Please provide me the entire format of P.F. & ESI
