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Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
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Answer / vijayaraghavan
DR. CR.
SUNDRY DEBTORS A/C DR 5000
CASH A/C DR 4500
DISCOUNT A/C DR 500
TO SALES A/C 10000
| Is This Answer Correct ? | 114 Yes | 2 No |
Answer / b.uday kumar
Cash a/c Dr 4500
Discount a/c Dr 500
Sundry Debtors a/c Dr 5000
To sales a/c 10000
| Is This Answer Correct ? | 46 Yes | 1 No |
Answer / surendra jain
creditors a/c dr. 5000/-
discount a/c dr. 500/-
cash a/c dr. 4500/-
To, Sales a/c cr. 10,000/-
| Is This Answer Correct ? | 47 Yes | 25 No |
Answer / manjunath
DR. PARTY A/C 5000.00
DR. CASH A/C 4500.00
DR. DIS ALLOWED 500.00
CR. SALES A/C 10000.00
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / fu all
WTF is this people don't u know that basic principle that -
every debit should have equal and correspondent credit....
________________________________________________
Debtors a/c Dr 5000
Cash a/c Dr 4500
Discount a/c Dr 500
To sales a/c 10000
________________________________________________
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / dhananjayan
Cash A/c Dr. 4,500
Discount allowed A/c Dr. 500
Debtor A/c Dr. 5,000
To Sales A/c 10,000
(Being sales with 50% credit allowing 10% discount on
immediate payment)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sonu choudhary
whenever credit sales took place debtor should be debited
instead of goods.also in case of cash sale if discount is
allowed, it should be debited becoz it is an expense for
seller.hence entry will be:
Debtors A/c........ Dr. 5000;(Personal A/c- Dr. receiver)
cash A/c........... Dr. 4500;(Real A/c-Dr. what comes in)
Discount Allowed A/c Dr. 500;(Nominal A/c-Dr. Expenses)
To sales A/c 10000;(Nominal A/c-Cr. Revenue)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / alok patkar
Party a/c dr 5000
disc a/c dr 500
cash a/c dr 4500
to sales a/c 10000
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vikram singh
Dr Party a/c Rs. 5000
Dr Cash a/c Rs. 4500
Dr Discount a/c Rs. 500
Cr Sales a/c Rs. 10000
| Is This Answer Correct ? | 2 Yes | 0 No |
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