Interested to Buy Any Domain ? << Click Here >> for more details...
I have an invoice here amounting to $1893.60 (purchases), a
credit note of $61.00. I have paid the vendor $1,832.40. How
should I record my entry?
I am aware that the credit note entry is using journal and
the payment is using payment voucher. But I am not sure how
to post the entry.
Please help. Many thanks.
- 4 Answers
- 6481 Views
- I also Faced
- E-Mail Answers
Answer Posted / narayan bhat
Hi,
Posting the entry;
1.Purchase entry : Purchase A/c Dr.1893.60
To Vendor A/c 1893.60
2.JV : Vendor A/c Dr. 61.00
To Trade Disc. 61.00
3.Payment : Vendor A/c Dr.1832.60
To Bank A/c 1832.60
| Is This Answer Correct ? | 8 Yes | 3 No |
Post New Answer View All Answers
What are the difference between Debit Memorandum and Credit Memorandum?
calculations of pf
Explain compound journal entry.
on the basis accounting,acounting is divided in to how many classes and what are they?
What a deferred asset is and give an example?
Explain what is balance sheet?
Ledger Enteries
Define push down accounting?
How many accounting standards are currently published?
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
Explain in simple terms what is the difference between asset, equity, and liabilities?
how in the big companies the budget are prepared and controlled?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
Do you know retail banking?
