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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.
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Answer Posted / h.r. sreepada bhagi
If the balance Rs. 5000/- is not discount, then mention why
it's not paid. Question is incomplete with out mentioning
the reason for refusal to pay.
If the reason is defective goods received to that extent,
account purchase only for Rs. 20000/-, but if u refuse to
pay with out justifiable reason, then the very action is
unethical or against the agreed terms with the supplier.
| Is This Answer Correct ? | 3 Yes | 1 No |
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