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

GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry

2237


we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

2055


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

1907


A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME

1765


how in the big companies the budget are prepared and controlled?

2165


Tell me what is public accounting?

1066


kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

2053


Recent banking question for 2015 interview for scale2 exam of sbm

1851


Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

2161


Why TDS not Deducted on Service tax amount of Rent.

2237


When we paid TDS on commission how will journal entry come

1463


what are cost accounting and its applications?

1112


Tell me what is the abbreviation for the accounting terms debit and credit?

1030


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?

1092


Please give me as example of service tax & Vat Posting through Tally.

2165