Interested to Buy Any Domain ? << Click Here >> for more details...
42. G.Simkins sends back stock to J.J. Fabrics (a
supplier), having originally purchased it on Credit. J.J.
fabrics issued a Credit note for the value of these goods.
In simkins’ books, the double entry for this transaction
should be.
a) Debit : J.J. Fabrics; Credit purchases
b) Debit : purchases; credit J.J. Fabrics
c) Debit : J.J. Fabrics; credit purchase returns
d) Debit: purchases returns; credit J.J Fabrics.
- 2 Answers
- 6500 Views
- Amazon, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / naresh
ans b) and c) Because
According to above information :-Simkin - AS A CUSTOMER &
J.J.Fabrisa - AS A SUPPLIER (Sundry Creditor)
Simkins' A/c 1) Purchase j.k.fabrics
Dr cr
2) Purchase Rtn J.K.Fabrics
cr dr
J.J.Fabrics A/c 1) Purchase A/c Simkin
cr dr
2) Purchase Rtn Simkin
dr cr
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / rohit_allinterview
int reverse(int num)
{
int temp,num2=0;
printf("Original number is %d",num);
while(num!=0)
{
temp=num%10;
num=num-temp;
num=num/10;
num2=num2+temp;
num2=num2*10;
}
num=num2/10;
printf("Reversed Number is %d",num);
}
// Incase of any mistake or doubt plz drop mailto
rohit_vit2020@yahoo.co.in
| Is This Answer Correct ? | 0 Yes | 3 No |
a) what are the rate of employees & company's contribution for PF & ESIC? b) what is the ceiling in case of ESI deductions? c) what are the due dates for paying ESI/PF
Ramana deposited directly in our Andhra Bank towards deposit for DealershipRs 15000/-Pass entry
Expand ________DDO
What is put option, call option, mutual fund?
what is genpact? Tell us about genpact? what is GE? Tell us about GE? Describe your ideal company,location and job? why we should hire you? why do you want to join our company(GE)? What is capital bugeting? Explain the methods of capital bugeting in detail?
20 Answers Bank Of America, GE, Genpact, HCL, ICICI, Oxygen,
Expand---------RBTS
what is p/l appropriation a/c?
Expand GDI?
What are the two motives of business?
What is the difference between debit and credit?
what is the definition of derivative, what is a security?
WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME
Audit 
