Interested to Buy Any Domain ? << Click Here >> for more details...
What will be JV of if gets discount received from my
vendors and as well as I allowed discount to my customer?
What will be the journal entry in these both cases. Pls.
give the answer, it's urgent.
- 5 Answers
- 9037 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sunder singh
IN CASE OF VENDOR:
VENDOR A/C DR.
TO DISCOUNT A/C
IN CASE OF CUSTOMER : IF IT IS ALSO RELATED TO SALES
SALES REVENUE A/C DR.
TO CUSTOMER A/C
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sajjad1
Jv in Case diccount Received from Vendor
Vendor A/C Dr
Discount On Purchase Cr
Jv in Case Dicount to Customer
Dicount Allowed Dr
Customer A/c Cr
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / s k gupta
In the case of discount received from my vendors
Vendors A/c Dr.
To Discount Received A/c Cr.
If I allow to my Customer Than---
Discount Allowed A/c Dr.
To Customer A/c Cr.
| Is This Answer Correct ? | 3 Yes | 2 No |
what is the differece between salary and remuneration?
What request submit to convert Expenses Report to Invoice
1.recivable and payble 2.pf,tds,esi
what is the diffrence between bank o/d & bank occ?
Main sources have long-term finance ? Explain
Which of the following errors are not revealed by the Trial Balance: (a) compensating errors; (b) errors of commission; (c) wrong balancing of an account; (d) wrong totalling of an account
Increase in one equity with no change in the asset will result in .................... of another equity
Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 4) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.
what is accounting disclosure
ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry
What is finalization
What do you mean by material facts in accounting?
Audit 
