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

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

Answer / seema

Jv of getting discount from the vendor

Vendor's A/c Dr

To Discount & Schemes A/c.

JV of discount allowed to the customer

Discount & Schemes A/c Dr.

To Customer A/c.

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.

Answer / kannan

in case of discount received- happens when purchase involved

purchase a/c Dr
discount received a/c Dr
To vendor A/c

in case of discount allowed- happens when sales involved

vendor A/c Dr
To discount allowed
To Sales

what is debit and credit?

1 Answers   Genpact, Infosys, Nainital Bank, Satyam,

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What does overhead mean in regards to accounting?

0 Answers  

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Explain about SEC

4 Answers   Capital IQ,

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Assuming you are at the office and a colleague criticizes u, how would you react?

1 Answers  

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calculations of income tax & tds

1 Answers  

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formula for capital turnover ratio

5 Answers   Wipro,

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If we maintain inventory then if proprietor take the some goods for personal Use then how to we do entry

3 Answers  

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Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?

0 Answers  

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for an inter branch bank transfer (sbi to sbi)what entries should we pass?

3 Answers  

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A company closing its acconts in december..its paying 10000/-as rent......in the month of august it paid 4 months rent as advance...how will u account this

6 Answers   IBM,

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we had company we provide work others they deducted tds how to pass entries in my company please tell me

1 Answers  

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pl. tel me what is the entry for this transaction 1)i deposited rs.10,000 t/w. dealer ship deposit 2)the goodwill amount 1 lakh brought by raju was appoprtioned and paid to the existing parteners eswar,mahesh,ravi as per their sharing ratios 38% , 24%, 38%

1 Answers  

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