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 / alok patkar

Party a/c dr 5000
disc a/c dr 500
cash a/c dr 4500
to sales a/c 10000

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?

1480


Tell me about a situation where you showed determination?

592


AL+w button lanunches the .............. installed web brower

1623


under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent

1696


What are the characteristic features of financial accounting?

630






How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.

11478


1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

1739


Debit Card Come Under Which group in Tally 9?

1470


how will you adjust voluntary seperation payment in cash flow statement

1631


how much cash transaction to single transport company per day and also per year

1121


List out some of the examples for liability accounts?

598


What is full rate on plywood box in haryana sale tax:

1448


difition of reserve & surplus

1753


what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?

3410


IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

1710