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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Answer / surendra jain

vijayaraghav right ans

Is This Answer Correct ?

2 Yes

0 No

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

Answer / alok patkar

Party a/c dr 5000
disc a/c dr 500
cash a/c dr 4500
to sales a/c 10000