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
- 6440 Views
- I also Faced
- E-Mail Answers
Answer Posted / shabab
purchase Entry
Purchase a/c Dr 1893.60
To Vendor 1893.60
Credit Note Entry
Vendor a/c Dr 61.00
To Purchase 61.00
PAYMENT ENTRY
Vendor a/c Dr 1832.40
To bank 1832.40
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
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?
What is invoice processing can u explain it?
Do you think accounting standards are mandatory and why?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Can i put opening stock in new company during closing time
What are the functions of manger -accounts and manager-finance?
What is accounting
What is the difference between lc and bg(letter of credit
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
What is mutual fund sub accounting?
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
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.
