Answer Posted / ansar

discount received like we purchase any any they give any discout like discount receive so for entry

received the material dr 600
discount received cr 100
cash cr 500

discount allowed we sale any goods to customer ( we allowed some discount)

received the cash or bank dr 500
discount allowed dr 100 (loss) also debit
sale cr 600

what is contribution? how does it help in taking managerial decisions?

1928

---

X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

3489

---

what is inter-company transaction? what is Inter-Branch transaction?

8746

---

Explain the term account payable?

994

---

we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

1905

---

can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

1961

---

How can you made payment when bill come from vendor, what is the bills have you check.

1880

---

Define push down accounting?

975

---

Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan

2590

---

When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?

968

---

What do you think is a bank reconciliation statement?

998

---

Do you possess any knowledge about accounting standards?

1020

---

Do you have any idea about gst?

1037

---

what is use of cost center category in tally ? why & when use this ? what is benfit ?

2009

---

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

1017

---