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
What is project implementation?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
Why do users of accounting information need accounting information?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Explain what a deferred asset is and give an example?
Private purchases amounting to rs 5000 have been debited to purchases account
DIFFERNCE BETWEEN RESERVE AND FUND?
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
How do you prepare mis reports?
Explain what knowledge should financial accountant have?
Why have you applied to our firm?
How to get C forms in online? Plz give me Processor Thanq