Interested to Buy Any Domain ? << Click Here >> for more details...
On goods purchases of Rs.2,00,000 got trade discount of
20,000 from supplier, and the amounts paid to supplier is
1,00,000 in cash and RS.1,00,000 in check on the same day,
what would be the general ledger entry ?
- 18 Answers
- 19704 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / ramkumar
Cash a/c Dr 80000
Bank A/c DR 100000
Discount 20000
To Sales 200000
| Is This Answer Correct ? | 9 Yes | 33 No |
Post New Answer View All Answers
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
What are the columns of a journal?
what is your opinion regarding T.V shows on youth
What is purchase returns accounting
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
Explain different branches of accounting?
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
what is the new rate of c.s.t in uttraklhand
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
Why is accuracy important in accounting?
what is the D.V.T. rate from 1/10/2009
Role-specific management accountant job interview questions:
