Interested to Buy Any Domain ? << Click Here >> for more details...
We purchase goods worth rs. 25000 from shyam co. in credit.
We paid him 20000 and rest we refuse to pay. What is the
journal entry for it. This is not discount received.
- 12 Answers
- 22146 Views
- I also Faced
- E-Mail Answers
Answer Posted / mdhiru420
for purchase:
purchase a/c dr. 25000/-
to shyam co. a/c 25000/-
for payment:
shyam co. a/c 20000/-
to cash/bank a/c 20000/-
and about 5000/- ???????????
| Is This Answer Correct ? | 8 Yes | 10 No |
Post New Answer View All Answers
Who owns the general ledger?
Can i put opening stock in new company during closing time
whether bills of exchnge can come under the category of reserves and surplus
Plz Ask from me New Accounting Questions.
Tell me what is ledger?
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
what is t code of gr/ir report?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
what is core accounting?
If a transaction was missed completly how do you find it?
sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.
What is the dual aspect concept?
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
