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?
- 6 Answers
- 9063 Views
- I also Faced
- E-Mail Answers
Answer Posted / jai
balance sheet
--------------
mr. x ledger
-------------
cash 5000.oo
discount 500.00
-------------------------------------------
dr. 4500.00
setting charges 1000.00
-------------------------------------------
clossing bal. 5500.00
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the difference between provision and reverse?
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
What are the 4 principles of gaap?
What is cash flow and fund flow?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
"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.
what is the diffrence between cash flow & cash fund?
Can i put opening stock in new company during closing time
What is the difference between trial balance and general ledger?
Sold goods to Gasha 600 by cash
What is liabilities and what all does include in current liabilities?
pass journal entry for Prepaid insurance
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
formula of reduction in tax credit of vat form 201(gujarat)
