Interested to Buy Any Domain ? << Click Here >> for more details...
Wht is the differance between Trade discount and cash
Discount?
- 6 Answers
- 15391 Views
- I also Faced
- E-Mail Answers
Answer Posted / abhishek shah
In trade discount we do not less trade amt in sale
voucher .we entered amount direct amt less trade amount.
Ex. Garment sale 950
Total Amt 950
50Rs is trade discount.
In Cash discount we less cash discount amt in sale voucher.
Ex. Garment sale 1000
cash Discount 50
Total Amt 950+
In journal there is no entry of trade discount, But in cash
discount there is an proper entry of cash discount
| Is This Answer Correct ? | 19 Yes | 1 No |
Post New Answer View All Answers
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
credit card expenses entry kisme pass karenge
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
Tell us what do you believe should be an important quality of an account executive?
What is meant by partitioning?
shares convert into share capital what is the journal entry? how many ledgers need to create?
is it related to b.com syllabus or puc syllabus
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
Define public accounting?
Tell me what is the equation for acid-test ratio in accounting?
What is the use of form D in sale tax
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Explain me bills receivable?
