4) What is Journal Entry of 1) Credit Sales.
2) Credit sales
with Discount.
3) Credit sales
with VAT.
4) Outstanding
Rent paid.
5) Credit Purchase.
6) Out
standing wages paid.
7) Bank over draft
8) bank charges
9) Dishonor check
- 9 Answers
- 66371 Views
- Accenture, Genpact, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / b.narasimha rao
CUSTOMR OR DEBITER A/C DR
TO SALES A/C
CUSTOMR OR DEBITER A/C DR
DISCOUNT ON SALES A/C DR
TO SALES A/C
CUSTOMER OR DEBTER A/C DR
TO SALES A/C
TO VAT A/C
RENT A/C DR
TO OUSTSTANDING RENT A/C
PURCHASE A/C DR
TO CREDITER A/C
WAGES A/C DR
TO OUTSTANDING WAGESPAID A/C
BANK A/C DR
TO BANK OVER DRAGT A/C
| Is This Answer Correct ? | 156 Yes | 23 No |
Answer / satish
1. SALES
DEBITOR A\C Dr
To SALES A\C
2)DEBITORS A\C Dr
DISCOUNT ALLOWED A\C Dr
TO SALES A\c
3DEBITORS A\C Dr
To SALES A\c
TO VAT A\C
4)( PROVISION ENTRY )
RENT A\c Dr
To RENT PAYABLE A\c
RENT PAYABLE A\c Dr
To CASH OR BANK A\c
5)PURCHASES A\C Dr
vAT A\C Dr
To CREDITOR A\C
To DISCOUNT RECEIVED A\c
6)provison for salaries on 31st OR 30th OF every month end
SALARIES A\C Dr
To EMPLOYEES CONTRIBUTION TO ESI A\c
To EMPLOYEES CONTRIBUTION TO PF A\C
To SALARY ADVANCES A\c
To SALARIES PAYABLE A\C
SALARIES PAYABLE A\C DR
To CASH or BANK a\C
7)BANK A\C Dr
TO BANK OD A\c
8)BANK CHARGES A\c Dr
TO BANK A\c
9) CHEQUE ISUUING ENTRY TO BE REVERSED.
| Is This Answer Correct ? | 65 Yes | 14 No |
Answer / yogendra pratap singh
Detors control a/c Dr
To sales a/c
| Is This Answer Correct ? | 28 Yes | 15 No |
Answer / vinay
Customer a/c DR
To sales a/c
customer a/c DR
Discount a/c DR
To sales a/c
Customer a/c DR
To sales
To VAT
Rent a/c DR
To outstanding rent a/c
Purchases a/c DR
To Suppliers a/c
Wages a/c DR
To outstanding wages a/c
Bank a/c DR
To bank OD
Bank charges DR
To Bank
Bank DR
To customer
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / venkateswarlu.p.
Buyer account .....Dr
To sales account
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / prasad
1. customer a/c Dr
to sales
2. Customer a/c Dr
Discount a/c Dr
to sales a/c
3. Customer a/c Dr
to sales a/c
to Vat output
4. Rent a/c Dr
Rent payable a/c
5. Purchase a/c Dr
to creditors (Party)
6. Wages a/c Dr
To Wages payable a/c
7. Bank A/c
to Bank od A/c
8. Bank charges a/c Dr
to Bank a/c
9. Bank a/c Dr
to customer a/c
| Is This Answer Correct ? | 6 Yes | 3 No |
which are the basic princeples of accountancy... with examples
0 Answers Family Credit, Standard Bank,
What is the P/E ratio?and Explain About P/E Ration?
what is the difference between cash flow and profit and loss account?
whatis mean by accured income?
what is the opposite journal of account receivables?
what is the definition of direct expenses?
What is balance sheet? How you come to know after seeing balance sheet that economic condition is good or bad any organisation?
Hello, I am trying to record the journal entries for taking a loan and refinancing it into two new loans. How would I show the closing loan and the opening of two new loans? Thank you for your help!
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
Expand---------PTSR
What is PBDIT?
9 Answers Banking, Goldman Sachs, Pat Trade Links,
credit management as an essential component of financial management explain?
Audit 
