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


Please Help Members By Posting Answers For Below Questions

What is debit and credit note?

695


what are the different types of expenditures considered for the purpose of accounting?

638


please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1385


i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?

1465


Pls let me know Job profile for Account Manager.

1522






Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

615


Mention what does the investment of personal assets by the owner will do?

707


what are the voucher entries in tally for medical insurance

1861


Tell me what a deferred asset is and give an example?

626


i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?

1309


1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

1743


What is an interest rate swap

1693


What is the entry to be passed on receiving the tds certificate in the books of the deductee?

2199


how sales invoices adjusted against advance received from Debtor?

1483


whats the sales tax slab and company's turnover professional tax slab

2942