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what is the journal entry for purchase bill discount
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Answer Posted / jubilee
cost 10000 disc is 1000 thn:
Purchase 10000
to party/cash/bank 9000
to discount 1000
| Is This Answer Correct ? | 45 Yes | 3 No |
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
