Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the entry for Discount Received? & What is the
entry for discount paid?

Answer Posted / deepika

Discount received
Party Account Dr.
To Bank A/c
To Discount Received A/c

Discount Paid
Bank Account Dr.
Discount Account Dr.
To sales

Is This Answer Correct ?    79 Yes 36 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

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.

1401


What is diffrence Between GPF and EPF?.. can anybody explain..?

2121


What is the general entry for charge on bank overdraft

1557


PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?

1922


can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

2080


Tell me what is tally accounting?

3966


what is windows dressing final accounts?,sales a/c belongs to which a/c type?

2136


Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1956


hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

1710


Key difference between indian accounting standards and international accounting standards is.

1134


Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1955


how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come

11156


Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50

2136


Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??

1975


What are the accounting events that are frequently involved in compound entries?

1206