Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what will be the entry for credit purchases with discount

Answer Posted / b.thirupathi

Purchases a/c............................dr
To Suplier a/c
TO Discount a/c

(being purchased on credit by getting discount)

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

2354


What are negative postings?What are Credit memos ?Payment Requests ?

2160


Tell us did you use accounting applications at your previous companies or prefer working manually?

1012


Explain the term account payable?

1058


we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

2053


What do you find most satisfying about this job?

1115


what is bank aceleted?

2095


What are the effects when intangibles and tangible assests decrease

2161


why are accounting firms needed?

1033


How is the accounting for hire purchase transactions done?

1083


Please advise how to calculate net asset....

2366


Do you know overhead in terms of accounting?

1098


what is profitability ratio and dividend policy ratio

2103


all GL Related Interview questions with answear

2819


What is balance sheet and off balance sheet?

1089