Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 32627 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 |
What is personal account?
what are all the items comes under balancesheet(liability side & asset side) step by step.& also trading and p&l account. somany companies asking this type of question . please tell me...
7 Answers IBM, IBPS, Thomson Reuters,
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
Difference between outstanding income and accrued income?
what is depreciation and methods mostly used
What is a business transaction in accounting?
What do you mean by Debit and Credit?
what is net worth ?
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
How many Accounting standards are there in India ?
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
Hey guyz I m looking for a Job in Accounts Sector can anyone help me I hve 2 yrs of work experience...
Audit 
