What is the entry for Discount Received? & What is the
entry for discount paid?
Answer Posted / khazi raza mohammed
for discount recived
Cash A/c Dr 1000
to discount recived 1000
for discount paid
Discount paid a/c dr 1000
to cash a/c 1000
| Is This Answer Correct ? | 39 Yes | 14 No |
Post New Answer View All Answers
Tell us do you have any professional experience of this field?
In South Africa , the current rate for value added tax is ?
What is cash flow and fund flow?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
What is difference between Cash Flow and fund flow
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
Explain under what type of account does the unearned revenues fall?
Do you know how many types of business transactions are there in accounting?
What is a cpa?
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
What are source documents in accounting?
Contrast bookkeeping and accounting
what is a register when referring to accounting or bookkeeping?