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
- 18050 Views
- I also Faced
- E-Mail Answers
Answer Posted / yogesh
In the Books of ABC LTD.
XYZ A/c-------DR 180000
Discount A/c--DR 20000
To Sales A/C 200000
(Being goods sold@10 discount)
In the Books of XYZ LTD
Purchase A/C------DR 200000
TO disount 20000
To ABC A/C 180000
| Is This Answer Correct ? | 19 Yes | 2 No |
Post New Answer View All Answers
What is departmental accounting? Give an example
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
Explain what does the standard journal entry includes?
what is account reconcillation
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
Explain me what is important to effective market analysis?
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Differentiate accounting and auditing?
What are control ledgers?
what accounts payable applications are your familiar with?
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
