Interested to Buy Any Domain ? << Click Here >> for more details...
1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co
gave 10% discount. give journal entries in the books of ABC
Ltd and XYZ Ltd.
2) Goods bought for Rs.400000. While transporting goods
destroyed. Insurance co agreed to pay 75%. post journal
entries.
- 6 Answers
- 17743 Views
- I also Faced
- E-Mail Answers
Answer Posted / srinivasan
Purchase A/C Dr 200000
ABC Ltd A/C Dr 180000
To Discount Received 2000000
Distroyed A/c Dr
To Good Return A/c
| Is This Answer Correct ? | 2 Yes | 11 No |
Post New Answer View All Answers
What is the disadvantage of double entry system?
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...?
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
Tell me what does the standard journal entry includes?
when & how interest on unsecured loan is calculated?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
What is the purpose of financial statements?
Explain financial accounting. What are its characteristic features?
Explain me scrap value in accounting?
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle
purchase plant and machinery
