Sale of Rs.10000, where in 50% is on credit and there 10%
discount on the immediete payment. Pass a journal entry for
this

Answer Posted / jewel jeevan

Cash a/c dr. 4500
Sy.debtors a/c 5000
Discountallowed a/c500

Sales A/c 10000

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET

7783


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

1319


what are cost accounting and its applications?

667


Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

2113


How the Entry passed for Loss of Payment

1671






What was your average accounts receivable days outstanding/days sales outstanding?

692


Explain the meaning of long-term notes payable is or long term liabilities?

642


give 3 reasons why capital is referred to as a special liability

1354


What are assets minus liabilities?

633


what is miscellaneous expenditure??

4973


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2148


What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1473


Tell me what are the three factors that can affect your cash flow and business profitability?

599


What are the effects of international accounting standards on accounting practices of developing nations?

689


If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

645