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...

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 / deepak thukral

Party a/c Dr (5000+1000) 6000
Discount a/c Dr 500

to sales a/c 5500
to setting charges 1000

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Mention in simple terms what is the difference between asset, equity, and liabilities?

986


Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

8207


Where do generally accruals appear on the balance sheet?

1108


What is consignment cycle.?Explain the steps involved in the Consignmet..?

1564


What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

2278


Differentiate between provision and reserve?

1125


in Tally what is cost cenre,cost categori and why we need to prepare them

2067


How to pass journal entry of gifts purchased for employee by using campany ATM card

1391


What does a demo/presentation need to be effective?

943


how to see reoprt of miro booking in SAP FI

2247


kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

2036


A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

2118


Mention whether the account "cash" will be credited or debited when a company pays a bill?

1151


RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

2228


Explain what is ledger?

1082