Interested to Buy Any Domain ? << Click Here >> for more details...
On goods purchases of Rs.2,00,000 got trade discount of
20,000 from supplier, and the amounts paid to supplier is
1,00,000 in cash and RS.1,00,000 in check on the same day,
what would be the general ledger entry ?
- 18 Answers
- 20439 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / jitender gupta
No entry.
The question is not completly and proper.because if
purchase from supplier of Rs.2lakh then he is providing
trade discount of Rs.20000 then we purchased from supplier
only amount of Rs.180000.That why the entry will be not.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What is the use of accounting?
Explain me have you ever heard about tds, what it is?
Why have you applied to our firm?
What is your greatest achievement and why?
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
What is the provision?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
What is mutual fund sub accounting?
what do you consider to be the biggest challenge facing the accounting profession today?
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
What is a cpa?
what is cost center & cost categories in tally
whats difference between manufacturing account & cost account
Explain me how much mathematics knowledge is necessary or required in accounting?
what accounts payable applications are your familiar with?
