Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this
- 26 Answers
- 27552 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / suraj
cash a/c dr 4500
sundry debtor a/c dr 5000
discount a/c dr 500
to sales a/c 10000
this is correct entry
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
What is Capital Commitments means?
What is meant by calendar maintenance?
What are the three factors that can affect your cash flow and business profitability?
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
What does the standard journal entry includes?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
How do you build a successful business relationship?
what type account are below Debentures Bank overdraft
What is accounting transaction?
Can you name different branches of accounting?
