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...

Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this

Answer Posted / shyam

cash a/c 4500
discount 500
sundry creditors a/c 5000

to sales ac 10000

Is This Answer Correct ?    4 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

1925


what is accounting cycle ?

5395


why creditors a/c dr. to discount received a/c ?

1393


describe any accounting process that you have developed or revised

996


what is bank aceleted?

2017


If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet

2385


what is difference between budgeting and Forecasting

1662


How many types of business transactions are there in accounting?

1035


Recent trends in Corporate Governence?

2203


What is a ledger? What do you mean by ledger posting?

1055


How do you maintain accounting accuracy?

1055


Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

2114


what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?

1908


How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1757


What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?

1617