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

Categories >> Accounting >> Accounting General
Suggest New Category

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

Question Posted / guest

26 Answers
34346 Views
Accenture, I also Faced
E-Mail Answers

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

golden rules of accounting

3 Answers

what is the realtime work and process on provident fund(pf) as accountant?

1 Answers

What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?

0 Answers

Explain the Parameters required in the Setup of Financial Option and Payable Option

0 Answers Accenture,

WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

0 Answers Wipro,

how will rectify the error in trial balance.

2 Answers

AL+w button lanunches the .............. installed web brower

0 Answers

Why closing stock are not shown in trial balance?

4 Answers PSU,

How do caculate goodwill of a company?

2 Answers Genpact,

Discuss the consistency concept in accounting

0 Answers

how does calculated retain earnings?

2 Answers

1.what is loan and what is lease? 2.what is defered revenue? and expenditure?

1 Answers Genpact,

For more Accounting General Interview Questions Click Here