Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
- 26 Answers
- 29078 Views
- Accenture, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suraj
cash a/c dr 4500
sundry debtor a/c dr 5000
discount a/c dr 500
to sales a/c 10000
this is correct entry
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ranjitha
debtors a/c dr 5,000
discount a/c dr 5,00
cash a/c dr 4,500
to sales a/c 10,000
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / alok
cash a/c dr 4500
discount a/c dr 500
debtors a/c dr 5000
to sales a/c 10000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vinodhini
Manujnath is correct.
For every debit there should be a equal and opposite credit.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sudharshan.j
Account Receivabls a/c 5000
Cash A/c 4500
Discount A/c 500 dr
To Sales A/c 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shriram joshi
Hi All,
They asked only pass the journal entry.
how do you show cash in journal entry????????
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jewel jeevan
Cash a/c dr. 4500
Sy.debtors a/c 5000
Discountallowed a/c500
Sales A/c 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / srinivasa v
Debtors A/c Dr. 5000
Cash A/c Dr. 4500
Discount A/c Dr. 500
To Sales A/c 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manjunath
FOR SALES ENTRY.
CR SALES A/C 10000.00
DR PARTY A/C 10000.00
FOR RECEIPT GE.
CR PARTY A/C 5000.00
DR DISC ALLOWED A/C 500.00
DR CASH A/C 4500.00
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / rohan
cash a/c dr .4000
discount a/c dr 1000
debtors a/c dr. 5000
to sales a/c 10,000
| Is This Answer Correct ? | 2 Yes | 4 No |
My question is- are tpt,freight & p & f charges part of sales & purchase when it include in invoice. suppose if goods value 20000 freight chrg 425.00 total sales will be 20425 or only 20000.00 how it will effect ?? pls clear
Spinoff,Spelloff
What are the strong accounting standards?
Hi guys, in my company, have a recruitment for junior accounts executive(2 to 4 years only).. For 10-15 positions, if any body interest pls send your resume to my mail id... Remember, any body from manufacture or construction field 1st preference...Definitely i will help u.Send ur resume to "mukeshreddy37@gmail.Com" immediately
If any co. purchase goods from abc co. payment will made in advance. Can abc co. is creditor or not. Pls. answer.
what is private equity?
Tell me how would you define team work and communication skills in the context of account management?
what is mean bt VPP?
CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION
what is difference between tax invoiced & retail invoice
if my company Purchases a raw material from other trading company and paid that amount by trading company owner account this case ? how to entry are reported?
When we paid tds on rent how will journal entry will come and how to enter in tally software?
Audit 
