Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
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

Answers were Sorted based on User's Feedback



Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass ..

Answer / umesh

SUNDRY CREDITORS 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 2 No

Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass ..

Answer / iyyanar

cash a/c dr. Rs. 4500
discount allowed a/c Rs. 500
Creditors a/c Rs. 5000

To Sales A/c Rs.10000

Is This Answer Correct ?    0 Yes 3 No

Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass ..

Answer / shyam

cash a/c 4500
discount 500
sundry creditors a/c 5000

to sales ac 10000

Is This Answer Correct ?    4 Yes 13 No

Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass ..

Answer / sanjaykumar

cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500

Is This Answer Correct ?    2 Yes 25 No

Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass ..

Answer / syed haseeb

cash a/c 4500
discount a/c 500

goods a/c 5000

to sale a/c 9500

Is This Answer Correct ?    9 Yes 34 No

Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass ..

Answer / dharshini

cash a\c 4500
goods a\c 5000
to discount a\c 500
to sales a\c 9500

Is This Answer Correct ?    13 Yes 45 No

Post New Answer

More Accounting General Interview Questions

Is financial accounting necessary?

0 Answers  


while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

0 Answers   Synergy,


What is double-entry accounting? Explain with an example?

0 Answers  


Pass journal entries Purchased goods from mr x on credit 1000

22 Answers  


Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

0 Answers  


Define dual aspect term in accounting?

0 Answers  


As there is a two types of rates of depreciation i.e as per Income tax Act & As per Company Law.But, in accounting process which of these rates should be taken ?

1 Answers   NTPC,


1. If Ram Received Cash Rs. 900/- & Deducted Rs.100/- as EPF. 2. Cheque diposited into bank Rs. 200/- against EPF of ram. How many ledger should create under which & what will be the entry ?

5 Answers  


is depreciation a fictious assets?

2 Answers  


real account means

9 Answers   Infosys,


director wife expenses which entry

0 Answers  


what is the last date of deposit TDS on liability for the assessment year 2010-11

0 Answers  


Categories