goods sold to mr x of rs5000/-,out of that we give him
discount allowed of rs 500/-,and we take setting charges of
rs1000/-.so what will be the entry?
Answer Posted / pradip
party A/C ...... Dr 5500
Discount A/C ..... Dr 500
to sales A/C 5000
to Setting charges 1000
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
what is the difference b/w gain and profit?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
Define bills receivable?
Tell me what are things will not be included in bank reconciliation statement?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
what do you mean by Firm
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
What is accounting chart of accounts?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
Horizontal balance sheet versus Vertical balance sheet
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
What are the basic assumptions in accounting?
Tell me what is tally accounting?
What a deferred asset is and give an example?
plz can some one tel me "The concept of stock holder's equity and paid in capital".