Interested to Buy Any Domain ? << Click Here >> for more details...
We purchase goods worth rs. 25000 from shyam co. in credit.
We paid him 20000 and rest we refuse to pay. What is the
journal entry for it. This is not discount received.
- 12 Answers
- 22254 Views
- I also Faced
- E-Mail Answers
Answer Posted / rose
Purchase A/c----Dr 25000
To Discount A/c---cr 5000
To Shyam Co A/c---cr 20000
(Being Purchase of Goods & Discount Received)
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan
Explain what makes a successful account manager?
What steps would you take to locate the errors in case trial balance disagrees?
what is the new rate of c.s.t in uttraklhand
Explain me the basic accounting equation?
what is the minimum & maximum amount paid by company per day
Tell me in accounting, vat abbreviates what?
What was your most complicated sales cycle in past positions?
Tell me what do we mean by purchase return in accounting?
What is fractional code and how can i get a fractional code for a particular account?
how to enter the tender refund amount in tally ?
Recent trends in Corporate Governence?
Tell me why did you select accounting as your profession?
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
How the Depreciation will calculate in Company?
