Answer Posted / vanadhi ramasami
Discount Recevied is an Income due to immediate payment of
a sale or a credit sale.Discount is a Nominal Account and
thus posted in P&L account credit side under Discount
Recevied head.
| Is This Answer Correct ? | 24 Yes | 5 No |
Post New Answer View All Answers
am attend to bank exam(iob)pls send model questions
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
plz send me the accounting questions and answers of bank of america.
Expand---------OTMD
Which Exchange determine Foreign Exchange/Currency Rate?
how there face in lvbank interview
what is the difference between planned and non planned budgt
what is meant by cash purchase?
what did you mean by cash credit limit account ?
Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company
What is invoice accounting rules?
Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?