Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is general entry credit purchase with discount?

Answer Posted / vijay kumar

purchases A/c Dr. 5000/-

To Credit to party 4000/-
To Discount, 1000/-

discount head create in Indirect Income head,

Is This Answer Correct ?    37 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what will be the entry for inventory

2039


What methods do you use to discover sales opportunities?

1063


What are the accounting events that are frequently involved in compound entries?

1137


What is tds and how it is calculated?

1063


when & how interest on unsecured loan is calculated?

1907


What is Provision Entry

1616


What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).

1878


Explain the Invoice verification process

2758


what is the enty for contract bill raised?

2416


Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?

1945


Assigning natural account to accounting seg. What will happen

2032


what made you take up present subject/area of specialization and what would you define as your career objectives

2163


Explain which account is responsible for interest payable?

1334


In which term & condition excise invoice raises & for what excise invoice raise?

1382


hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?

1923