Please tell me entry for following bill.
Goods 500
Disc- 10% 50
----------------
Bill Amt 450

Answer Posted / sandhya

gooda a/c dr. 500/-
to cash a/c 450
to discount a/c 50

Is This Answer Correct ?    10 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

655


In accounting, how do you define the premises?

753


What is the use of form D in sale tax

1461


Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1566


What steps would you take before approving an invoice for payment?

637






Do you possess any knowledge about accounting standards?

666


a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?

1408


What is a ledger?

646


Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?

1560


Tell me do you think there is any difference between inactive and dormant accounts?

621


I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.

1387


BRIEF IN DETAIL REGARDING RATIOS

1493


What is cost accountancy?

785


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2141


1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...

5427