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
- 57317 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / jitendra kumar mishra
Trade discount is given at the time of selling goods but
cash discount is given to collect balance quicly.Entry for
this transaction will be
Purchase A/C Dr. 9500
Discount A/C 475
Cash/Bank A/c 9025
| Is This Answer Correct ? | 26 Yes | 26 No |
Post New Answer View All Answers
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
promotions of a new apointed auditor in cgda.
What is the role of internal audit?
How auditing is prepared?
i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??
Audit strategy based
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
What do you mean by vouching?
What is the difference between internal audit and statutory audit?
THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
who is the auditor and his deautis
What is final audit?
What sort of image do you have?
What are the different types of audits?
