Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
- 20 Answers
- 57315 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / yash
in case of trade discount
purchase a/c dr.........100000
to, discount a/c................5000
to, cash a/c...................95000
in case of cash discount
purchase a/c dr............95000
to, cash a/c....................95000
| Is This Answer Correct ? | 69 Yes | 75 No |
Post New Answer View All Answers
What is audit trail in siebel?
What are the reasons for getting audited?
Explain the difference between internal audit and external audit?
Why does a systems auditor need to use professional judgement when selecting audit procedures?
How I can evaluate the internal control audit?
Define vouching?
what are the main tools of auditing?
Define decommission liability?
Do you know what are the reasons for getting audited?
what is the accounting treatment on Putoption over own shares.?
How do you feel u contributed to its effectiveness?
what is audit & activities of auditor?
What is the purpose of meeting in audit?
How can scope of internal audit help you?
who is the auditor and his deautis
