Interested to Buy Any Domain ? << Click Here >> for more details...
what will be the entry for credit purchases with discount
- 18 Answers
- 20136 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / subhasish dutta
Purchase A/c...................Dr. 2000
To Party A/c..........................1800
To Discount Received A/c.............. 200
(10% Discount Received)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is difference between budgeting and Forecasting
Who is debtor purchaser
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
why only 6 months interest is charged on drawings
What is meant by turnover?
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
What is the difference between Accruals and Provisions?
what's the difference between impress cash account and petty cash account
what is ment by suspence account and dummy account
How to calculate Gratuity & when it's applicable to employee after three years or Five years?...
Tell me by saying, perpetual or periodic inventory system; what do we mean?
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
Why does the accounting equation have to balance?
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
