Purchase A/c------Dr. To Discount Received A/c To Sundry Creditor

what will be the entry for credit purchases with discount

Question Posted / shiv koul

Answer Posted / shiv koul

Purchase A/c------Dr.
To Discount Received A/c
To Sundry Creditors A/c

Is This Answer Correct ?

9 Yes

0 No

Please Help Members By Posting Answers For Below Questions

Explain what is accrual accounting?

1105

In South Africa, the value added tax is administered by?

1714

Define fair value accounting?

1131

What is the networth percentage observe by banks

2080

Were i have to enter for agreements in tally and in which ledger it will come

1761

Define social responsibility accounting

1124

SHADOW BALANCE SHEET

13713

What is aggregate Liabilities ?

2420

Which forms in use in service Tax, Excise duty and Vat for the return.

2150

How to prepare HSD statements in tally

2312

if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

2031

What is the objective of the balance sheet?

1248

Have you ever heard about tds, what it is?

1135

Tell me how can you define departmental accounting?

994

Plz Ask from me New Accounting Questions.

1954